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navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecrease in Profit/ Loss
Decrease in Profit/ Loss
May 10, 2024 | Unofficial Translation
| Period | Quarter | ||||
|---|---|---|---|---|---|
| 1 | Details of Changes | Current Quarter | Previous Quarter | Change Amount | Change Rate |
| - Sales Amount | KHR 863,220,555,000 | KHR 826,769,988,000 | KHR 36,450,567,000 | 4.41% | |
| - Operating Profit | KHR 493,299,683,000 | KHR 499,232,126,000 | KHR (5,932,443,000) | (1.19)% | |
| - Net Profit/Loss | KHR 108,062,366,000 | KHR 157,250,798,000 | KHR (49,188,432,000) | (31.28)% | |
| 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 March 2024 grew to US$7.64 billion which increased by US$409.34 million or 5.66% from December 2023. 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, the Bank increased the allowance for impairment losses by US$8.22 million comparing to Q1 2023. As a result, Profit attributable to Owners of the Bank for Q1-2024 was US$26.54 million (or KHR 108.06 billion). | |||
