LH Financial Group Public Company Limited (SET: LHFG) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
491.42 | 532.04 |
| Earning Per Share (Baht) |
0.0230 | 0.0250 |
| % Change | -7.64 | |
| 6 Months | 6M24 | 6M23 |
| Net Profit (Loss) Million Baht |
890.62 | 1,201.91 |
| Earning Per Share (Baht) | 0.04 | 0.06 |
| % Change | -25.90 | |
LHFG reported a net profit of Baht 491.5 million in 2Q24, dropped by 7.6% when compared to the second quarter of 2023 with the net profit of Baht 532.1 million due to the decrease in gains on investments and dividend income.
In the second quarter of 2024, net interest income amounted to Baht 1,708.7 million, increased by 2.3% when compared to the second quarter of 2023.
In the second quarter of 2024, the expected credit losses amounted to Baht 338.7 million, decreased by 35.7% when compared to the first quarter of 2024 and decreased by 37.0% when compared to the second quarter of 2023. As a result, in the second quarter of 2024, the coverage ratio stood at 188.48%.
NPL ratio was 3.0% of total loans (Interbank and money market items included) when compared to the end of the year 2023 which was 2.36%.
