Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Group Lease sees spike in Cambodian income

Group Lease sees spike in Cambodian income

Group Lease sees spike in Cambodian income

Thai financing firm Group Lease Plc posted a record-high 222.17 million baht ($6.3 million) net profit from its operations in the first quarter of the year, a 101.5 per cent increase from the same period a year earlier, driven by improvements in its Thai operations and a sharp increase in income from its subsidiary in Cambodia, the company said in a filing to the Thai stock exchange.

Consolidated hire-purchase interest income for the period amounted to 484.70 million baht ($14 million), of which 80.77 million baht ($2.2 million) came from its Cambodian subsidiary.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all