Srisawad Finance Public Company Limited (SET: BFIT) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
Yearly | 2021 | 2020 |
Net Profit (Loss) Million Baht |
921.29 | 1,567.19 |
Earning Per Share (Baht) | 1.67 | 2.84 |
% Change | -41.21 |
BFIT reported a net profit of 921 million baht in 2021, decreased 41.21% from a net profit of 1,567 million baht in 2020. The decline in net profit was mainly due to a decrease in net interest income of the company.
A decrease in net interest income by 1,846.34 million baht was due to a decrease in interest income by 2,005.06 million baht and a decrease in interest expense by 158.72 million baht as interest income from loans to customers fell by 2,004.04 million baht, which was in line with the decrease in loans.