ANSA Merchant Bank Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 13, 2018 at 02:05 pm EST
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ANSA Merchant Bank Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total income of TTD 208,238,000 compared to TTD 227,559,000 a year ago. Operating profit was TTD 49,087,000 compared to TTD 68,040,000 a year ago. Profit after taxation was TTD 35,471,000 compared to TTD 45,265,000 a year ago. Profit attributable to equity holders of parent was TTD 35,473,000 compared to TTD 45,262,000 a year ago. Profit attributable to shareholders was TTD 35,471,000 compared to TTD 45,265,000 a year ago. Earnings per share – basic were TTD 0.41 compared to TTD 0.53 a year ago.
For the nine months, the company reported total income of TTD 656,372,000 compared to TTD 710,059,000 a year ago. Operating profit was TTD 190,535,000 compared to TTD 232,296,000 a year ago. Profit after taxation was TTD 136,591,000 compared to TTD 174,824,000 a year ago. Profit attributable to equity holders of parent was TTD 136,578,000 compared to TTD 174,780,000 a year ago. Profit attributable to shareholders was TTD 136,591,000 compared to TTD 174,824,000 a year ago. Earnings per share – basic were TTD 1.60 compared to TTD 2.04 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.