Dear Fellow Shareholders,
Despite a challenging economic environment, and headwinds in the form of soaring energy prices, rising inflation, geopolitical conflicts and continuing supply chain constraints from COVID-19, our company delivered a set of credible results in 2022.
Our factoring volume grew by around 9% to Baht 32,206 million, and our loan volume (leasing/hire purchase and inventory financing) increased by approximately 25% to Baht 1,000 million. As a result, our total revenue increased by 9% to Baht 421 million in 2022. After accounting for an increase in interest expense of Baht 3 million, an increase in operating expense of Baht 7 million due mainly to technology investments and an increase in allowance for expected credit loss of Baht 22 million, our net profit after tax grew by around 3% to Baht 156.91 million, and we closed the year with a net comprehensive income of Baht 161.10 million.