Bank of Ayudhya Public Company Limited (SET: BAY) announced on Tuesday that its Board of Directors has approved an interim dividend payment from the Operating Result for the six-month period ended June 30, 2022 at the rate of THB0.40 per share.
The Ex-dividend date (XD) is set for 6 September 2022. The payment of the interim dividend will be made on 22 September 2022.
BAY reported a net profit of THB7,833 million in 2Q22, decreased 46.13% from a net profit of THB14,542 million in 2Q21. The decline in net profit was mainly due to an incorporating the extraordinary gain on investments from the sales of shares in Ngern Tid Lor Public Company Limited (SET: TIDLOR) in 1H21.
On a normalized year on year basis, the operating profit increased by THB380 million, or 2.4% from 2Q21, largely attributed to higher net interest income. Meanwhile, the net profit increased by 23.2%, or THB1,477 million from 2Q21, driven by higher net interest income and lowered expected credit loss.