Motorcycle leasing firm reports huge profit rise
Motorcycle leasing firm reports huge profit rise
Group Lease PCL, a Thai-listed motorcycle leasing firm, reported a staggering 3,124 per cent surge in profits in the third quarter of 2015, compared to one year earlier, which it attributed in a large part to its operations in Cambodia.
Consolidated net profits were recorded at 150.27 million baht ($4.19 million), according to a company press statement.
Of these, about 70 million baht came from the company’s Thai operations, while the remaining 80 million baht were contributed from its overseas operations.
“This shows that profits from our overseas operations – the bulk of which from Cambodia – have now surpassed that of Thailand,” said Mitsuji Konoshita, Group Lease’s chairman and CEO.
