JKN Records Earnings of THB179 Million in 2021

JKN Global Media Public Company Limited (SET: JKN) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
179.346 312.474
Earning Per Share (Baht) 0.30 0.51
% Change -42.60


JKN reported a net profit of THB179.35 million in 2021, a decrease of THB133.13 million or 42.60 percent from a net profit of THB312.47 million in 2020. Mainly due to the increase of THB59.51 million or 37.35 percent in finance cost, arising from short- term and long-term loans from financial institutions, including the debentures that had been issued during the year for the purpose of the acquisition of new business.

For the year ended 31 December 2021, JKN earned a total revenue of THB1,804.91 million, which increased by THB103.17 million or 6.06 percent from last year. The total revenue of each operating segment had changed from the last year as follows (1) Revenue from sales of program rights increased 2.06 percent (2) Revenue from advertising and media services increased 1.41 percent (3) Revenue from sales of products increased 100 percent (4) Other income increased 57.59 percent.

However, financial costs were in total of THB218.84 million, an increase of THB59.51 million  or 37.35 percent from last year according to the rise of balance of debentures, short- term and long- term loan from financial institution that the company had entered into these agreement during the year for the purpose of acquisition the new business