ANSA Merchant Bank Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 13, 2018 at 04:15 pm EDT
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ANSA Merchant Bank Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total income of TTD 241,589,000 compared to TTD 243,656,000 a year ago. Operating profit was TTD 87,542,000 compared to TTD 81,461,000 a year ago. Profit attributable to equity holders of parent was TTD 58,717,000 compared to TTD 60,702,000 a year ago. Profit attributable to shareholders was TTD 58,731,000 compared to TTD 60,723,000 a year ago. Earnings per share – basic were TTD 0.69 compared to TTD 0.71 a year ago.
For the six months, the company reported total income of TTD 448,133,000 compared to TTD 482,499,000 a year ago. Operating profit was TTD 141,446,000 compared to TTD 164,255,000 a year ago. Profit attributable to equity holders of parent was TTD 101,103,000 compared to TTD 129,516,000 a year ago. Profit attributable to shareholders was TTD 58,731,000 compared to TTD 60,723,000 a year ago. Profit attributable to shareholders was TTD 101,118,000 compared to TTD 129,557,000 a year ago. Earnings per share – basic were TTD 1.18 compared to TTD 1.51 a year ago. Cash flow from operating activities was TTD 165,876,000 compared to TTD 103,654,000 a year ago.
ANSA Merchant Bank Limited (the Bank) is a commercial and investment bank. The Bank carries on the classes of business, which include confirming house/acceptance house, finance house/finance company, leasing corporation, mortgage institution, merchant bank, trust company, unit trust and financial services. Its segments include Banking services, which include asset financing, commercial banking, merchant banking, investment services, securities trading and foreign exchange trading; Mutual funds, which include ANSA Secured Fund, ANSA US$ Secured Fund, ANSA TT$ Income Fund and ANSA US$ Income Fund; Life insurance operations, which include underwriting of longer-term insurance business: individual participating and non-participating life insurance, group life insurance, individual insurance and group annuity and pension, and General insurance operations, which underwrites various short-term insurance business: commercial and residential fire, general accident, marine, motor and others.