Ngern Tid Lor Public Company Limited, or TIDLOR has unveiled its Q1/23 performance, achieving 955 million baht in net profit, representing a 16.9% increase compared to the previous quarter. The strong performance reflects remarkable portfolio growth and outstanding growth in the insurance brokerage business, while maintaining a low non-performing loan (NPLs) ratio of 1.5%. Piyasak Ukritnukun, Managing Director of Ngern Tidlor or TIDLOR, stated, "The Q1/23 performance reflects the company's key strategies set in Q4/22 with a solid commitment to driving growth with a focus on quality. Looking at Q1/23, the company showed strong performances in the vehicle-title loan business and insurance brokerage business, in line with the recovering economic outlook, particularly inthe tourism sector. Ngern Tidlor is committed to leveraging its services in these areas to sustain its leadership and foster future growth.

Source: Bangkok Post May 15, 2023 09:16 UTC