BFIT’s 2019 Profit Jumps One Fold to Record at 783 Million Baht!

Srisawad Finance Public Company Limited (BFIT) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

BFIT showed a net profit of Baht 783 million in 2019, increased Baht 410 million or 109.53%, compared to a net profit of Baht 373 million obtained during the year 2018. The increase was mainly due to an increase of net interest income by Baht 878.47 million due to an increase of interest income by Baht 856.73 million and a decrease of interest expense by Baht 21.74 million. Moreover, an increase of fee income relating to loan to customers by Baht 69.26 million according to the growth of loan portfolio also helped contribute profit to BFIT’s bottom line as well.