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KBank net jumps 20.85% in 2011
Kasikornbank posted a rise of 20.85 per cent in net profit to Bt24.2 billion last year.
Somkiat Sirichatchai, senior executive vice president, yesterday attributed the increase to higher net interest income on the back of loan growth, particularly commercial and home loans, and a high net interest margin of 3.75 percentage points. Non-interest income also grew 19.78 per cent.
KBank’s total loans rose by 12.43 per cent to Bt1.2 trillion, while the rate of non-performing loans dropped from 2.91 per cent to 2.45 per cent of outstanding loans. – The Nation
Tourism forum
Local hotel leaders and international experts will discuss the state of the hospitality sector at the Thailand Tourism Forum 2012, to be held on February 2 at the InterContinental Bangkok.
Key participants include Chanin Donavanik, CEO of Dusit Hotels and Resorts, Dillip Rajakarier, CEO of Minor Hotel Group, and Peter Henley, CEO of Onyx Hospitality Group.
– Phuket Gazette
Powder prices stay
Snow Brand Siam Co has no plan to hike prices of its imported powdered milk despite being significantly affected by the flood.
Snow Brand products, which now are brought in from Australia, have doubled in cost.
The company also plans to move ahead with its marketing activities and aims for a market share of 5 per cent within three years.
Managing director Hidetoshi Ikegai said yesterday that its packing plant was badly hit by flood water during last year’s crisis, with 100 tonnes of powdered-milk stock worth Bt17.5 million damaged. – The Nation
Year of the Egg
The Internal Trade Department has designated 2012 as the “Year of Egg Consumption” to mitigate the fall in domestic egg prices.
The department’s caravan will today visit Government House to promote egg consumption through the Cabinet and media.
The price of eggs has dropped to Bt2.20 at the farm gate, which is below the production cost of Bt2.60.
– The Nation
