THANI’s 2Q19 Profit Hikes 3% to ฿511 Million from Higher Revenues and Lower Expenses
THANI’s 2Q19 Profit Hikes 3% to ฿511 Million from Higher Revenues and Lower Expenses 
THANI’s 2Q19 Profit Hikes 3% to ฿511 Million from Higher Revenues and Lower Expenses
22 ก.ค. 2562

Ratchthani Leasing Public Company Limited (THANI)  has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

For the second quarter of 2019, the net profit of THANI and its subsidiary was THB 510.97 million. The total income was THB1,063.06 million, the financial cost was THB 247.17 million, the selling and administrative expense was THB139.38 million and bad debts and doubtful accounts expense was THB40.81 million.
The total assets were THB50,047.26 million, the total liabilities was THB42,720.92 million and the total equity was THB7,326.34 million which from the continuous expansion of hire purchase loans and related services. Illustrative stability in business operation and strength of the group’s financial position. For the separate financial statements, THANI had a net profit of the second quarter of 2019 at THB 479.65 million, an increase of THB 87.82 million or 22.41% YoY.
The total income was THB 1,021.43 million, an increase of THB 77.81 million or 8.25%, the financial cost was THB 247.16 million, an increase of THB32.19 million or 14.97% from the same period of the prior year. 
For the bad debts and doubtful accounts expense was THB 40.81 million, a decrease of THB 73.26 million or 64.22%. The decrease was due to closely monitor the debt collections and the better ability to pay of receivable accounts which support the better of overall quality account receivables.
As of the end of the second quarter of 2019, THANI had THB 49,930.92 million in total assets, an increase of THB 5,896.62 million or 13.39% YoY. The increase was due to the continuous hire purchase loan expansion, particularly from trucks. The net of total hire purchase and financial leasing loans were THB 48,975.54 million, an increase of THB 5,844.58 million or 13.55%YoY, accounted for 98.09% of total assets. Total liabilities and shareholders’ equity were THB 42,654.66 million and THB 7,276.26 million, respectively. 
THANI comparing financial position in the second quarter of 2019 and the first of 2019, THANI has a strong financial position among the domestic economic uncertainty. The total assets increased 1,065.43 million baht or 2.18%. The net of total hire purchase loans increased THB 1,114.01 million or 2.33%. Total liabilities increased THB 1,461.66 million or 3.55% and shareholders’ equity decreased THB 396.23 million or 5.16% respectively. 
 
 