AMANAH’s 3Q19 Skyrockets by 76% to ฿68m after an Outstanding Growth in ATM Lending

Amanah Leasing Public Company Limited (AMANAH) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

AMANAH generated a net profit of 68.79 million baht, compared to the same quarter of last year (YoY), the net profit has increased by 29.80 million baht, the increase of 76.45%. The increase was mainly due to the increase in revenue from the ATM lending which accounted for 16.54% increase. (Income from ATM lending increased from 128.64 million baht to 149.92 million baht.) The increase in revenue from ATM lending resulted from the growth in new ATM lending. The ATM portfolio has increased.

Moreover, the company’s fees and services income have also increased by 47.30% YoY. (Fees and services income have increased from 11.32 million baht to 16.68 million baht.) Other income has also increased, resulting from a 91.97% increase in recovery of judicial debt. (Recovery of judicial debt increased from 11.67 to 22.40 million baht YoY.)