​Group Lease sees spike in Cambodian income | Phnom Penh Post

Group Lease sees spike in Cambodian income

Business

Publication date
16 May 2016 | 07:23 ICT

Reporter : Post Staff

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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.

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