Siam General Factoring, one of the 10 members of the Thai Factors Association and a leading player in the Thai market, has reported an audited first-quarter net profit of 7.7m bt. This is down 22% from the previous year.
Siam General Factoring Public Company Limited, (SGF), provides factoring services, machinery leasing, inventory financing, guarantee support and related financial services. Factoring income accounted for 70% of 2000 revenues; fees and services, 10%; inventories finance income, 7%; other income, 7%; leasing income, 4% and interest income, 2%.
Source: The Associated Press
