Ngern Tid Lor Public Company Limited (SET: TIDLOR) has announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
1,006.84 | 901.09 |
| Earning Per Share (Baht) |
0.3600 | 0.3600 |
| % Change | 11.74 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
2,889.19 | 2,822.86 |
| Earning Per Share (Baht) | 1.08 | 1.17 |
| % Change | 2.35 | |
TIDLOR reported a net profit of Baht 1,006.8 million for the third quarter of 2023, an increase of 11.7% (YoY) from Baht 901.1 million in the same period of last year. Additionally, for the first nine months of the year 2023, the company achieved a net profit of Baht 2,889.2 million, representing a 2.3% increase (YoY).
Bythe end of the third quarter of 2023, the Company had an outstanding loan portfolio of Baht 91,888.0 million, expanding by 21.1% (YoY). TIDLOR card continued to be one of the key drivers for the growth of the lending business, with card usage volume expanding favorably. Concurrently, the insurance brokerage business maintained its growth trend, with non-life insurance premium for this quarter increasing by 25.6% (YoY). Furthermore, the Company had effectively preserved the quality of the total loan portfolio, with the nonperforming loan (NPL) ratio standing at 1.51%, slightly decreasing from 1.54% in the previous quarter.
The Company had a total revenue of Baht 4,834.3 million, increasing by 23.0% (YoY). The main revenue was derived from the interest income from loans and hire-purchase receivables, which experienced 22.7% growth (YoY), and fee and service income, which rose by 24.6% (YoY).
