JAS Omits Dividend Payout, Struggling with Higher Expenses Overwhelm Bottom Line

Jasmine International Public Company Limited (SET: JAS) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
-2,028.59 -1,500.70
Earning Per Share
-0.240 -0.170
% Change -35.18

JAS reported a net loss of 2,029 million baht, increasing by 528 million baht or 35 %, compared to the year 2021 in which the total net loss was recorded at 1,501 million baht.

The total operating revenue of the Company and its subsidiaries for the year 2022 was 20,281 million baht (excluding FX gain of 24 million baht), decreasing by 90 million baht or 0.4% YoY, compared to that of 20,371 million baht in 2021.

The revenue obtained from the Broadband Internet and Internet TV Business segment for the year 2022 of 18,028 million baht, decreasing by 5 million baht or 0.03% YoY.

Meanwhile, the revenue obtained from the Digital Asset & Technology Solution Business segment of 1,533 million baht, increasing by 402 million baht or 36% YoY.

However, the operating expenses, consisting of cost of sales and services and selling and administrative expenses, were 19,105 million baht, increasing by 930 million baht or 5%, compared to the year 2021 in which the total operating expenses were recorded at 18,175 million baht.

In 2022, the provisions set up for the expected credit losses increased by 207 million baht YoY, in line with the policy on provision set-up that complies with the age of outstanding receivable of TTTBB.


The Board of Directors came to a resolution that the company will omit its dividend payout for the operations of last year.