LH Financial Group Public Company Limited (SET: LH) has announced its 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Year | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
2,046.99 | 2,096.29 |
| Earning Per Share (Baht) |
0.0970 | 0.0900 |
| % Change | -2.35 | |
LH reported a net profit of Baht 2,047.0 million in 2024, a decrease of 2.35% from the previous year. The decline was mainly due to the decrease in dividend income and gains on investments despite lower expected credit loss.
Net interest income in 2024 amounted to Baht 6,807.7 million, decreased by 2.0% when compared to 2023. Interest income was Baht 13,176.2 million, increased by 12.9% while interest expenses were Baht 6,368.5 million, increased by 34.8% when compared to 2023. Meanwhile, net non-interest income amounted to Baht 1,393.8 million, decreased by 24.7% when compared to 2023 due mainly to the decrease in gains on investments and dividend income.
Other operating expenses amounted to Baht 4,326.2 million, increased by 5.2% when compared to 2023 due to the increase in employees’ expenses and advertising and promotional expenses.
In 2024, expected credit losses amounted to Baht 1,283.0 million, decreased by 39.8% when compared to 2023. Additionally, the NPL ratio was 2.34% of total loans, compared to 2.36% at the end of 2023.
