TIDLOR Records 15% Profit Growth in 2022, Offering Cash and Stocks Dividend Payout

Ngern Tidlor Public Company Limited (SET: TIDLOR) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
3,640.17 3,168.91
Earning Per Share
1.5000 1.4100
% Change 14.87

TIDLOR reported a net profit of THB 3,640.2 million, increased by 14.9% from the previous year of which THB 3,168.9 million, which was due to an increase in interest income from portfolio expansion and an increase in fee and service income which was mainly from life and non-life insurance brokerage businesses.

The Number of branches across all 74 provinces nationwide as of December 31, 2022 was 1,628, increased by 342 branches from December 31, 2021.

Non-performing loan ratio as of December 31, 2022 was 1.6%, increased from 1.2% as of December 31, 2021. The Company still managed asset quality well although facing uncertainty from macroeconomic factors, rising inflation rate and the end of debt relief program.

Meanwhile, debt-to-equity ratio as of December 31, 2022 was 2.3 times, which increased from 2.0 times as of December 31, 2021 and aligned with lending portfolio expansions. 


The Board of Directors approved to pay dividend by issuing the Company’s ordinary shares with the total of new ordinary shares not exceeding 312,167,007 shares at par value of Baht 3.70 per share for the existing shareholders in the ratio of 8 of current shares for 1 dividend share with the total amount not exceeding approximately Baht 1,155 million which is equivalent to the amount of dividend per share at Baht 0.4625 per share. In case any shareholder holds the indivisible share remaining after such allocation, the dividend shall be paid by cash in the amount of Baht 0.4625 per share. 

Moreover, the Board will also pay dividend by cash at the rate of Baht 0.2920 per share with the total amount not exceeding Baht 729 million.