LHFG Offers a Dividend Payment at ฿0.035, XD Sep. 6, after Posting ฿761m of Profit in 2Q

LH Financial Group Public Company Limited (LHFG) has announced that the company will pay a cash dividend payment of ฿0.035/share to its shareholders. The ex-dividend date will be September 6, 2019, and the payment date will be on September 20, 2019.

 

LHFG had net profits in the second quarter of 2019 amounted of THB 761.1 million, decreased by 5.6% when compared to the second quarter of 2018. The result from net interest income decreased by 8.5%.

Meanwhile, LHFG reported net profits for the six-month period of 2019 amounted of THB 1,567.8 million, decreased by 0.6% when compared to the six-month period of 2018 were THB 1,577.5 million. The result from net interest income decreased by 6.4%.

In the second quarter of 2019, other operating expenses amounted of THB 759.1 million, increased by 10.9% when compared to the second quarter of 2018, almost of the increase of employee expenses. The ratio of operating expenses to total operating income is at 36.0%, which is decreased when compared to the second quarter of 2018 was at 38.7%.

For the six-month period of 2019, they had other operating expenses amounted of THB 1,490.5 million, increased by 8.7% when compared to the six-month period of 2018, increasing mainly from the employee expenses.

As of 30 June 2019, the bank had non-performing loans (Gross) amounted of THB 3,384.1 million, decreased by THB 136.1 million or down to 3.9% when compared at the end of the year 2018. The ratio of NPLs to total loans at 1.85% of total loans (including interbank and money market items).

Non-performing loans (Net) amounted of THB 2,639.7 million, increased by THB 5.3 million or up to 0.2% when compared at the end of the year 2018. The ratio of NPLs (Net) at 1.45% of total loans after deducted allowance for doubtful debts of non-performing loans.