Bank of Ayudhya Posts Rise In Q4 Net Profit

Thailand's Bank of Ayudhya

reported a rise in its fourth-quarter net profit. The bank's quarterly net profit surged to 3.75 billion baht ($126 million), from 492 million baht, in the year-ago period. However, analysts were expecting a profit of 3.7 billion baht. For 2012, the bank's net profit surged 57% to 14.6 billion baht.