Investor RelationsCorporate DisclosureDecrease in Profit/Loss for Fiscal Year 2023

Decrease in Profit/Loss for Fiscal Year 2023

February 8, 2024 | Unofficial Translation

Period		Quarter
1	Details of Changes	Current Fiscal Year	Previous Fiscal Year	Change Amount	Change Rate
	- Sales Amount	KHR 3,403,113,858,000	KHR 3,040,038,867,000	KHR 363,074,991,000	11.94%
	- Operating Profit	KHR 2,109,412,141,000	KHR 1,835,596,812,000	KHR 273,815,329,000	14.92%
	- Net Profit/Loss	KHR 608,505,189,000	KHR 742,764,670,000	KHR (134,259,481,000)	(18.08)%
2	Shareholder Equity	≥ 30 Billion KHR
3	Description	The decrease in Net Profit.
4	Reason	The Bank (ACLEDA Bank Plc. and its subsidiaries) achieved its strong performance for 2023. It is good to be noted that the Total Revenue, and Operating Profit increased by 11.94%, and 14.92% respectively. The increase in customer confidence in the Bank, the deposit as of 2023 grew to US$7.23 billion which increased by US$838.82 million or 13.13% from 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$21.10 million comparing to 2022. As a result, Profit attributable to Owners of the Bank for 2023 was US$148.05 million (or KHR 608.51 billion).