Jay Mart Public Company Limited (SET: JMART) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
|Net Profit (Loss)
|Earning Per Share (Baht)||0.90||0.84|
JMART reported a net profit of 563 million baht in the third quarter of 2022, increased 108% from a net profit of 269 million baht in 3Q21. The increase was mainly due to the performance of its subsidiaries increase, organic growth, combine with the gain from investment in Burirum Sugar PCL (BRR) in 3Q22. The gain net after tax was 192 million baht. If deduct the gain, the net profit of the Company will be 371.5 million baht, an increase 37.5 from the same period last year
The Company’s total revenue for the third quarter of 2022 was 3,435.8 million baht, an increase of 857.3 million baht from the same period of the previous year or an increase of 33.2%. Revenue from contracts with customers in 3Q22 was 2,349.9 million baht, an increase of 42.9% from the same period of the previous year. Due to the operations that started to return to normal and there are new mobile brand products released in 3Q22 and for the 9-month period of 2022 equal to 6,965 million baht, an increase of 26%.
Interest income from purchases of receivables and gains on loans from purchases of receivables, which are income from debt management business in the 3rd quarter of 2022, totaled 946 million baht, an increase of 118.9 million baht or an increase of 14.4% while the revenue from debt collection and other services for the 9-month period of 2022 was 2,851.5 million baht or an increase of 25.9% due to better debt collection.
Rental and service income in the 3rd quarter of 2022 was 70.8 million baht or an increase of 44.2%, while rental and service income for the 9-month period was 214.9 million baht, an increase of 20.5%. This was largely a result of higher rental income in the rental segment of the new Jas Green Village community mall, Kubon, compared to the same period last year.
Insurance income in the third quarter of 2022 was 69.1 million baht or an increase of 19.6%, while income in the 9-month period was 185 million baht or an increase of 34.4% because of expanding more insurance channels by focusing on loss ratio control.