Krungthai Car Rent & Lease Public Company Limited reported consolidated and company earnings results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company reported, net profit of THB 50,847,000 compared to THB 106,759,000 a year ago. EPS was THB 0.20 compared to THB 0.43 a year ago. Total revenues were THB 443.5 million, decrease of 28.5% on year. First quarter 2014 gain on retired vehicles sales and used car sales were recorded at THB 47.9 million and THB 42.9 million, a decrease of 62.5% and 50.0% on year respectively. The three-months sales volume of vehicles off-fleet and used cars were 232 units and 73 units, a decrease of 45.4% and 31.1% on year respectively.

For the quarter, on company basis, the company reported, net profit of THB 49,898,000 compared to THB 100,603,000 a year ago. EPS was THB 0.20 compared to THB 0.40 a year ago.