Group Lease extends strong run with 31.7% profit boost
Group Lease Plc (GL) has reported a Bt336.85 million net profit in the second quarter this year, up 31.66 per cent from the same period last year, representing the 11th consecutive quarter of new record-high profits.
“The Q2/2017 profits have resulted from steady improvements in all the markets in which we operate,” said Tatsuya Konoshita, chairman of GL’s executive committee.
“GL’s corporate footprint now covers a total of seven Asian markets, including its home base in Thailand, neighbouring Cambodia, Laos, Myanmar, Singapore, Indonesia and Sri Lanka.
In a filing with the Stock Exchange of Thailand (SET) yesterday, GL said its consolidated hire purchase interest income stood at Bt525.89 million, up 6.83 per cent from the same period last year, due mainly to increases in interest income from its subsidiaries in Cambodia and Laos, by Bt14.86 million and Bt13.18 million respectively.
