JAS Reports Net Loss of THB875 Million as Sales Plunge and Costs Spike

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

JAS reported a net loss of 875 million baht, a contrast to 132 million baht in 1Q22.


The total operating revenue of the company and its subsidiaries for 1Q2023 was 4,771 million baht, decreasing by 394 million baht or 7% YoY. The revenue obtained from the broadband and Internet TV Service segment of 4,215 million baht, decreasing by 399 million baht or 9% YoY.

Cost of sales and services in 1Q2023 was 3,688 million baht, increasing by 537 million baht or 17% YoY. Meanwhile, selling and administrative expenses in 1Q2023 were of 1,163 million baht, increasing by 93 million baht or 9% YoY — a result of an increase in salary and employee benefits; vehicle expense; and electricity bills.