AIRA Factoring Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024

Aira Factoring Public Company Limited is a Thailand-based company that is engaged in the loan service business. The Company provides credit facilities include short-term and long-term loans for businesses, such as factoring credit (discount trade receivable purchasing), investment loans and working capital financing for business activities. It provides short-term working capital services for entrepreneurs in their business operations. The Company provides pre-finance (P/N) to be a working capital for customers about 30% of the total amount of trade documents (period not more than 180 days). It provides long-term loan financial service with collateral such as land, buildings and other real estate, among others. The Company serves various business types, such as medical and pharmaceuticals; commercial, personal use, household and office food and beverage; agribusiness; transport and logistics, and construction materials, construction services real estate development steel.