MTC Shows an Increase of 22% in Revenue, Pumping 3Q19 Profit to Jump 12%!

Muangthai Capital Public Company Limited (MTC) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

MTC booked a net profit in 3Q19 at 1,080 million baht, increased 11.93% compared to a net profit of 965 million baht in 3Q18 mainly due to the total revenue for the three month period ended September 30, 2019 that recorded at 3,304 million baht, increased from the same period in the previous year by 593 million baht or 21.87%.

Loan receivable quality or non-performing loan ratio at the end of September 30, 2019 is 0.98%, improved from 1.26% in the same period of the previous year and improved from 1.12% at the end of December 2018, mainly due to the intensive debt collection and monitoring the lending process.