Lower Interest Income and Higher Expenses Drop CIMBT’s 3Q22 Earnings by 7%

CIMB Thai Bank Public Company Limited (SET: CIMBT) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
695.97 753.38
Earning Per Share
0.0200 0.0200
% Change -7.62
9 Months 2022 2021
Net Profit (Loss)
Million Baht
2,811.48 1,708.15
Earning Per Share (Baht) 0.0800 0.0500
% Change 64.59

CIMBT reported a net profit of 695 million baht in 3Q22, a slight decrease by 7.62% from a net profit of 753 million baht in 3Q21. Still, its 9-month earnings remained at a higher level of 2,811 million baht for 2022, an increase by 64.59% from 1,708 million baht in 9M21.

The decrease in the quarter was due to a slight decrease in net interest income and higher expenses.