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navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecrease in Profit/Loss for Third Quarter 2024
Decrease in Profit/Loss for Third Quarter 2024
November 7, 2024 | Unofficial Translation
| Period | Quarter | ||||
|---|---|---|---|---|---|
| 1 | Details of Changes | Current Quarter | Previous Quarter | Change Amount | Change Rate |
| - Sales Amount | KHR 887,662,617,000 | KHR 857,786,255,000 | KHR 29,876,362,000 | 3.48% | |
| - Operating Profit | KHR 449,776,424,000 | KHR 551,293,163,000 | KHR (101,516,739,000) | (18.41%) | |
| - Net Profit/Loss | KHR 75,810,305,000 | KHR 165,018,515,000 | KHR (89,208,210,000) | (54.06%) | |
| 2 | Shareholder Equity | ≥ 30 Billion KHR | |||
| 3 | Description | The decrease in Net Profit and Operating Profit | |||
| 4 | Reason | The increase in customer confidence in the Bank (ACLEDA BANK PLC. and its subsidiaries), the deposit as of September 2024 grew to US$8.12 billion which increased by US$888.40 million or 12.29% 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$29.92 million comparing to Q3 2023. As a result, Profit attributable to Owners of the Bank for Q3-2024 was US$18.54 million (or KHR 75.81 billion). | |||
