Sri Ayudhya Capital Public Company Limited reported consolidated financial results for the nine months ended September 30, 2013. The company represented net profit of THB 413.75 million as compared with same period of the previous year of THB 174.70 million, an increase of THB 239.05 million or 136.84%. Gross written premium for the nine months period of 2013 of THB 2,292.24 million rose by THB 240.71 million or 11.73% from the same period of the previous year.

Unearned premium reserve for the nine-month period of 2013 reduced by THB 40.02 million or 48.80% from the same period of 2012 which resulted in the increase of net earned premium for the nine-month period of 2013 by THB 169.67 million or 13.45% from the same period of the previous year. The company had profit on under writing of THB 66.34 million. Whereas there was loss on underwriting of THB 171.82 million in the same period of the previous year.

Furthermore, gain on investment in securities for the nine-month period of 2013 of THB 30.60 million also reduced by THB 42.59 million or 58.19% over the same period of the previous year. The company has recognized share of profit from investment in an associate of THB 246.16 million in the nine-month period of 2013 as compared with the same period of the previous year of THB 139.89 million, an increase of THB 106.27 million or 75.96%. For the nine-month period of 2013, the company had the profit before income tax expense of THB 468.71 million as compared with the same period of the previous year of THB 192.64 million, an increase of THB 276.07 million or 143.31% which resulted in the increase of income tax expense by THB 37.02 million or 206.35% from the same period of the previous year.

Consequently, the consolidated financial statement for the nine-months period of 2013 represented net profit of THB 413.75 million or THB 1.66 per share.