JMT Records 30% Profit Increase in 3Q as Cash Collection Grows

JMT Network Services Public Company Limited (SET: JMT) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
455.53 351.69
Earning Per Share
0.3100 0.3200
% Change 29.53
9 Months 2022 2021
Net Profit (Loss)
Million Baht
1,255.80 923.32
Earning Per Share (Baht) 0.8800 0.8700
% Change 36.01

The total revenue of the company increases. The total revenue in the third quarter of 2022 was 1,100.8 million baht, a 15.9% increase from the same quarter last year. The company reported a net profit of 455.5 million baht in the third quarter of this year, a 29.5% increase from the third quarter of 2021 and a 41.4% net profit margin.

The company’s cash collection in the third quarter of 2022 was 1,416 million baht, an increase of 14% (excluded JK AMC ‘s cash collection performance) compared to the same period last year and an increase of 5.9% from the previous quarter of 2/2022.

JK AMC, an asset management company at a joint venture company with Kasikorn Bank The results of the operation are in accordance with the goals. With a net profit of 70.5 million baht, the company can generate returns for partners according to the goals.

During the past nine months, the company has purchased total debt of 1,666 million baht and has the accumulated outstanding balance of NPLs at the end of Q3/2022 equal to 249,763 million baht, being the number one leader in non-performing debt portfolios of the country in terms of unsecured debt and ready to be an alliance with all financial institutions in Thailand.