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navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecrease in Profit/ Loss
Decrease in Profit/ Loss
February 11, 2025 | Unofficial Translation
| Period | Fiscal Year | ||||
|---|---|---|---|---|---|
| 1 | Details of Changes | Current Fiscal Year | Previous Fiscal Year | Change Amount | Change Rate |
| - Sales Amount | KHR 3,522,430,608,000 | KHR 3,403,113,858,000 | KHR 119,316,750,000 | 3.51% | |
| - Operating Profit | KHR 2,028,976,528,000 | KHR 2,109,412,141,000 | KHR (80,435,613,000) | (3.81%) | |
| - Net Profit/Loss | KHR 493,383,200,000 | KHR 608,505,189,000 | KHR (115,121,989,000) | (18.92%) | |
| 2 | Shareholder Equity | ≥30 Billion KHR | |||
| 3 | Description | The decrease in Net Profit fiscal year 2024 over 15% compared to fiscal year 2023. | |||
| 4 | Reason | The increase in customer confidence in the Bank (ACLEDA BANK PLC. and its subsidiaries), the deposit as of December 2024 grew to US$8.36 billion which increased by US$1,131.24 million or 15.65% 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$33.87 million comparing to fiscal year 2023. As a result, Profit attributable to Owners of the Bank for fiscal year 2024 was US$121.19 million (or KHR 493.38 billion). | |||
