JAS Books THB5.3 Billion of Income from Termination of Assurance Agreement to Record Profit in 3Q23

Jasmine International Public Company Limited (SET: JAS) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 3Q22
Net Profit (Loss)
Million Baht
4,212.69 -725.88
Earning Per Share
(Baht)
0.490 -0.080
9 Months 2023 2022
Net Profit (Loss)
Million Baht
2,543.50 -822.17
Earning Per Share
(Baht)
0.30 -0.10

JAS reported a net profit of 4,212 million baht in 3Q23, a significant recovery from a net loss of 725 million baht in the same period of last year.

The total operating revenue of the Company and its subsidiaries for 3Q2023 was 10,176 million Baht, increased by 5,114 million Baht or 101% YoY; and increased by 5,363 million Baht or 111% QoQ.

Both revenue obtained from the Broadband and Internet TV Service segment and Digital Asset & Technology Solution Business segment saw a decline in the third quarter. However, other income at the amount of 5,340 million baht, obtained from reversal of provision for rental assurance, resulting from the termination of the Amended and Restated Rental Assurance Agreement of JASIF and the Amended and Restated Main Lease Agreement.