TCAP’s 3Q19 Profit Jumps 32% to ฿2.47bn from High Non-Interest Income and Lower Expenses

Thanachart Capital Public Company Limited (TCAP) has announced its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In 3Q19, net profit of TCAP amounted to 2,472 million baht, increased 32.22% YoY, mainly from the non-interest income that increased by 14.70%, mainly from gains on investments and gains on properties foreclose. Moreover, Operating expenses decreased by 11.25% from one-time expenses for retirement pension and severance payment of 755 million baht in the previous quarter.