Post by account_disabled on Dec 26, 2023 4:54:08 GMT
GCAP adjusts its business plan to use AI and DATA technology to analyze customer data. Selecting the quality of debtors, insisting on controlling NPL not to exceed 5% in order to be consistent with the overall economic situation and the situation within the country. For the operating results for the 9-month period of 2020, the separate financial statements had a total income of 253.83 million baht with a net profit of 9.45 million baht, decreased from the impact of COVID-19. Mr. Spain Jingkhanang, director and manager of G Capital Public Company Limited or GCAP, said that in the separate financial statements for the 9-month period of 2020, the company had total income of 253.83 million baht, a decrease of 10.81 million baht or 4.1 percent. The main factor is a decrease in income from claims under property purchase contracts. This is because lending decreased during the economic slowdown. and the spread of COVID-19 As for net profit, it amounted to 9.45 million baht, a decrease of 31.86 million baht or a decrease of 77.1 percent when compared to the same period of the previous year.
This is because the company has entered into an agreement to transfer claims in the payment of debt to another company by agreeing to pay compensation for the transfer of such claims. Meanwhile, selling and administrative expenses decreased by 8.56 million baht and impairment losses decreased by 0.35 million baht, while financial costs increased by 2.84 million baht. However, the impairment loss changes because the company assesses risk according to the concept of expected credit loss (Expected Credit Loss). This year, the company has Telegram Number Data adopted Financial Reporting Standards No. 9 on Instruments. financial matters (TFRS 9) and No. 16 regarding lease agreements (TFRS 16) to be implemented as standards Mr. Spain further said that in order for investors to see the picture of the company's lending business. Therefore, it must be considered in the separate financial statements. Because in the consolidated budget for this quarter A share of loss was recorded from investment in a joint venture that was not yet operating any business.
Come to show investments using the equity method in additional consolidated statements. "In the past The company has issued measures to help customers affected by COVID-19. Including farmers who are experiencing drought-flood problems. To be consistent with government policy causing an impact on the collection of some installments In addition, during the COVID-19 outbreak situation The company has restructured its work structure. In terms of debt collection management and change work processes The company has experimented and evaluated the results. It was found that there was a better trend. However, the company has developed tools for debt collection management by using AI and DATA to analyze customer data," Mr. Spen said. However, under the COVID-19 outbreak situation, the company has adjusted its business plan. To be in line with the overall economic situation and situation. This is in line with the economic slowdown in the country and the company has plans to reduce expenses. To be consistent with the company's operations and has a policy to control debt numbers that do not generate income (NPL) this year is not more than 5%.
This is because the company has entered into an agreement to transfer claims in the payment of debt to another company by agreeing to pay compensation for the transfer of such claims. Meanwhile, selling and administrative expenses decreased by 8.56 million baht and impairment losses decreased by 0.35 million baht, while financial costs increased by 2.84 million baht. However, the impairment loss changes because the company assesses risk according to the concept of expected credit loss (Expected Credit Loss). This year, the company has Telegram Number Data adopted Financial Reporting Standards No. 9 on Instruments. financial matters (TFRS 9) and No. 16 regarding lease agreements (TFRS 16) to be implemented as standards Mr. Spain further said that in order for investors to see the picture of the company's lending business. Therefore, it must be considered in the separate financial statements. Because in the consolidated budget for this quarter A share of loss was recorded from investment in a joint venture that was not yet operating any business.
Come to show investments using the equity method in additional consolidated statements. "In the past The company has issued measures to help customers affected by COVID-19. Including farmers who are experiencing drought-flood problems. To be consistent with government policy causing an impact on the collection of some installments In addition, during the COVID-19 outbreak situation The company has restructured its work structure. In terms of debt collection management and change work processes The company has experimented and evaluated the results. It was found that there was a better trend. However, the company has developed tools for debt collection management by using AI and DATA to analyze customer data," Mr. Spen said. However, under the COVID-19 outbreak situation, the company has adjusted its business plan. To be in line with the overall economic situation and situation. This is in line with the economic slowdown in the country and the company has plans to reduce expenses. To be consistent with the company's operations and has a policy to control debt numbers that do not generate income (NPL) this year is not more than 5%.