JMT Announces 50% Net Profit Growth in 2Q22 with THB0.49 Dividend Payout

JMT Network Services Public Company Limited (SET: JMT) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
433.31 288.80
Earning Per Share
0.3000 0.2600
% Change 50.04
6 Months 2022 2021
Net Profit (Loss)
Million Baht
800.26 571.63
Earning Per Share (Baht) 0.5700 0.5500
% Change 40.00

JMT reported a net profit of 433.3 million baht in 2Q22, an increase of 50 percent from the same period last year. The increase was mainly due to a gain from interest income in the quarter that increased by 37.4% to 648 million baht. Meanwhile, gains on loans receivable from purchase of AR increased by 34.2% to 305 million baht, resulting in total revenue growth of 33.2% at 1,087 million baht.

The company stated that since the company established its Asset Management Company in cooperation with the Kasikornbank Financial Group, it operates under the name JK Asset Management Company Limited. It is in the process of pursuing non-performing debt to generate returns for shareholders. It will begin to gradually recognize income from the end of the third quarter of 2022. In addition, revenue will be fully recognized in the fourth quarter of 2022. As a result, the performance will grow soon. Furthermore, the company will expand fully regarding the situation of covid, this has an impact on the operating results of the subsidiaries that operate the insurance business that the impact ended in the second quarter of 2022.

JMT announced that the Board of Directors had approved the interim dividend payment for 6 months net profit in 2022 to shareholders at the rate of Baht 0.49 per share in terms of cash dividend.

The payment date will be on September 7, 2022, with an ex-dividend date on August 24, 2022.