Thanachart Capital Public Company Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended and Unaudited Parent Earnings Results for the Year Ended December 31, 2016; Announces Impairment Charges for the Fourth Quarter Of 2016
January 18, 2017 at 05:47 pm
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Thanachart Capital Public Company Limited announced unaudited consolidated earnings results for the fourth quarter and year ended and unaudited parent earnings results for the year ended December 31, 2016. For the quarter, on consolidated basis, the company's net interest income was THB 7,150 million compared with THB 6,985 million a year ago. Net operating income was THB 10,757 million compared with THB 9,838 million a year ago. Profit before Tax was THB 3,899 million compared with THB 2,969 million a year ago. Net profit attributable to the company was THB 1,695 million or THB 1.45 per basic share compared with THB 1,359 million or THB 1.17 per basic share a year ago. ROAA was 1.47% compared with 1.12% a year ago. ROAE was 12.03% compared with 10.41% a year ago.
For the year, on consolidated basis, the company's net interest income was THB 28,468 million compared with THB 27,730 million a year ago. Net operating income was THB 40,747 million compared with THB 39,894 million a year ago. Profit before Tax was THB 13,464 million compared with THB 11,285 million a year ago. Net profit attributable to the company was THB 6,013 million or THB 5.16 per basic share compared with THB 5,436 million or THB 4.61 per basic share a year ago. ROAA was 1.29% compared with 1.12% a year ago. ROAE was 10.89% compared with 10.48% a year ago. Book value per share as on December 31, 2016 was THB 48.83 against THB 45.21 as on December 31, 2015.
For the year, on parent basis, the company's net interest income was negative at THB 503.6 million compared with THB 305.8 million a year ago. Net operating income was THB 2,201.23 million compared with THB 2,493.2 million a year ago. Profit before income tax was THB 1,674.84 million compared with THB 2,206.55 million a year ago. Net profit attributable to the company was THB 1,659.3 million or THB 1.42 per basic and diluted share compared with THB 2,193.8 million or THB 1.86 per basic and diluted share a year ago.
The company announced impairment loss of loans -normal operation of THB 1,154 million and impairment loss of loans - special provision of THB 205 million for the fourth quarter ended December 31, 2016.
Thanachart Capital Public Company Limited is a Thailand-based investment holding company. The Company operates through its subsidiaries, which are engaged in the non-performing asset management business, securities business, leasing and hire-purchase business, non-life insurance business, life insurance business, and others. The Companyâs subsidiaries include Ratchthani Leasing Public Company Limited, Thanachart Insurance Public Company Limited (TNI), Thanachart Plus Company Limited and others. Ratchthani Leasing Public Company Limited provides auto hire-purchase and financial lease services with a focus on the auto market for new and used car markets. TNI provides non-life insurance services, including fire insurance, automobile insurance, marine and transportation insurance, and miscellaneous insurance. Thanachart Plus Company Limited is an asset-based financing provider, which provides credit facilities to its customers in order to truly meet their needs.
Thanachart Capital Public Company Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended and Unaudited Parent Earnings Results for the Year Ended December 31, 2016; Announces Impairment Charges for the Fourth Quarter Of 2016