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navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecrease in Profit/Loss for Fourth Quarter 2023
Decrease in Profit/Loss for Fourth Quarter 2023
February 8, 2024 | Unofficial Translation
| Period | Quarter | ||||
|---|---|---|---|---|---|
| 1 | Details of Changes | Current Quarter | Previous Quarter | Change Amount | Change Rate |
| - Sales Amount | KHR 874,103,123,000 | KHR 804,157,892,000 | KHR 69,945,231,000 | 8.70% | |
| - Operating Profit | KHR 544,750,577,000 | KHR 522,143,472,000 | KHR 22,607,105,000 | 4.33% | |
| - Net Profit/Loss | KHR 150,520,711,000 | KHR 201,419,631,000 | KHR (50,898,920,000) | (25.27)% | |
| 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 December 2023 grew to US$7.23 billion which increased by US$838.82 million or 13.13% from December 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$11.05 million comparing to Q4 2022. As a result, Profit attributable to Owners of the Bank for Q4-2023 was US$36.54 million (or KHR 150.52 billion). | |||
