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THCOM announced a net profit of 197 million baht in 1Q20, increased from a net loss of 32 million baht in the same period of last year. The increase was mainly due to the profit from operation, together with the gain from foreign exchange, offsetting with the loss from asset write-off.
Moreover, the number of the branch as of March 31, 2019 was 3,444, increased by 165 branches from December 31, 2018. While non-performing loan ratio in 1Q19 was 1.04%, improved from 1.29% YoY and 1.12% QoQ, mainly due to the intensive debt collection and monitoring the lending process.
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