JASIF Records Lower Earnings in 1Q22 by 9% from Appraisal Fair Value of Investment

Jasmine Broadband Internet Infrastructure Fund (SET: JASIF) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
1,614.43 1,777.01
Earning Per Share
(Baht)
0.2018 0.2221
% Change -9.15

JASIF reported a net profit of THB 1,614 million in 1Q22, decreased 9.15% from a net profit of THB 1,777 million in 1Q21. 

Total income for 1Q22 was THB 2,572.38 million, increasing 1.27% YoY, mainly due to rental income from Optical Fiber Cables of THB 2,567.15 million, increasing 1.23% YoY.  Interest income was THB 5.13 million, increased 22.14% YoY. Total expenses in 1Q22 were THB 357.95 million, decreased 1.33% YoY.

JASIF recorded net investment income of THB 2,214.43 million in 1Q22, increased 1.70% YoY. Losses from changes in fair value of investments was THB 600.00 million. (In Mar 2022, the Fund engaged an independent appraiser to appraise the fair value of the investments. The Fund revalued such investments to be new fair value of THB 99,400.00 million, resulting in losses from changes in fair value of investments THB 600.00 million from this appraisal). Increase in net assets from operations was THB 1,614.43 million, decreased 9.15% YoY.