CIMB Thai quarterly net profit down 46%


CIMB Thai president and CEO Kittiphun Anutarasoti(pic) said for the six months ended June 30, CIMB Thai group

PETALING JAYA: CIMB Thai Bank PCL’s net profit fell 46.3% to 191.23 million Thai baht (RM23.23mil) for the second quarter ended June 30, from 356.63 million baht in the same period last year due to higher operating expenses coupled with bad and doubtful debts and impairment losses.

Its operating income rose 4.9% on-year to 3.41 billion baht while net interest income rose to 2.63 billion baht.

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Business , CIMB , Thai , CIMB , Kittiphun Anutarasoti , profit , revenue , bank ,

   

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