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navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecrease in Profit/Loss
Decrease in Profit/Loss
November 8, 2023 | Unofficial Translation
| Period | Quarter | ||||
|---|---|---|---|---|---|
| 1 | Details of Changes | Current Quarter | Previous Quarter | Change Amount | Change Rate |
| - Sales Amount | KHR 857,786,255,000 | KHR 776,536,074,000 | KHR 81,250,181,000 | 10.46% | |
| - Operating Profit | KHR 551,293,163,000 | KHR 486,773,348,000 | KHR 64,519,815,000 | 13.25% | |
| - Net Profit/Loss | KHR 165,018,515,000 | KHR 203,097,035,000 | (KHR 38,078,520,000) | (18.75%) | |
| 2 | Shareholder Equity | ≥ 30 Billion KHR | |||
| 3 | Description | The decrease in Net Profit. | |||
| 4 | Reason | The Increase in customer confidence in the Bank (ACLEDA Bank Plc. and its subsidiaries), the deposit as of September 2023 grew to US$6.92 billion which increased by US$1.02 billion or 17.24% from September 2022. Following the requirement of regulation related to the loan reclassifications, and in order to withstand and absorb all risks which would have impact on loans and advances to customers, especially deriving from COVID-19 pandemic, the Bank increased the allowance for impairment losses by US$5.19 million comparing to Q3 2022. As a result, Profit attributable to Owners of the Bank for Q3-2023 was US$39.94 million (or KHR 165.02 billion). | |||
