JMT Reports 30% Earnings Growth in 1Q22 as Cash Collection Records an All-Time High

JMT Network Services Public Company Limited (SET: JMT) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
366.96 282.83
Earning Per Share
0.2700 0.2800
% Change 29.75

JMT reported a net profit of 366 million baht in 1Q22, increased 29.75% from a net profit of 282 million baht. The net profit margin stood at 31.5% percent.

The company’s total revenue for the first quarter of 2022 was 1,078.7 million baht, which was an increase 33.4 percent from the same period last year.  An increase in revenue was mainly due to higher interest and dividend income and gain on loan from acquisition of debtor from the purchase of non-performing debt to manage in the quarter at the amount of 950.9 million baht, an increase from the first quarter of 2021 by 272.2 million baht or equal to 40.10%.

Cash collection was 1,458 million baht, increased 45% from the same period last year and also an all-time high record of the company as well.