JTS Reports Net Loss of THB1.74 Million in 1Q23 as Costs Surge

Jasmine Technology Solution Public Company Limited (SET: JTS) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q23 1Q22
Net Profit (Loss)
Million Baht
(1.736) 96.193
Earning Per Share
(0.002) 0.136
% Change -101.81

In 1Q23, JTS reported a net loss of THB1.736 million, down from a net profit of THB96.19 million in the same period last year. 

The total operating revenue of JTS for the first quarter was THB575.80 million, increasing by THB64.69 million or 12.66% compared to 1Q22 but decreasing by THB0.52 million or 0.09% compared to 4Q22.

The revenue obtained from Cryptocurrency Mining was THB1.65 million, decreasing by THB23.58 million or 93.46%. As for 1Q23, JTS increased 1.94675352 bitcoins and altogether hold 181.27231886 bitcoins

The cost of sales and services, the selling and servicing expenses, administrative expense, and losses on exchange rate in 1Q were THB547.98 million, increasing by THB168.48 million or 44.40% compared to 1Q22 but decreasing by THB328.84 million or 37.50% compared to 4Q22.