BFIT Reports a Decline in 3Q21 Earnings as Loans Shrink and NII Declines
BFIT reported a net profit of 218 million baht in 3Q21, decreased 49.29% YoY, due to a decline in loans and net interest income.
Srisawad Finance Public Company Limited (BFIT) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
BFIT reported a net profit of 218 million baht in 3Q21, decreased 49.29% from a net profit of 431 million baht in 3Q20. The decrease was largely due to a decrease in net interest income by 542.89 million baht, following the decline in loans. However, the company recorded lower expected credit loss by 15.15 million baht.