Jenkongklai Public Company Limited (mai: JPARK) has announced 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q24 | 1Q23 |
| Net Profit (Loss)
Million Baht |
24.77 | 10.53 |
| Earning Per Share
(Baht) |
0.0600 | 0.0500 |
| % Change | 135.10 | |
JPARK reported a net profit in 1Q24 of Baht 24.76 million, an increase of Baht 14.23 million, representing an increase of 135.09% compared to the same period of the previous year with a net profit of Baht 10.53 million. This is mainly due to the improved revenue and profitability of the parking service business (PS) and consultant and installation parking system service business (CIPS).
For the first three months of 2024 and 2023, the company had income from services amounting to Baht 152.16 million and Baht 111.56 million, respectively. Income for the first three months of 2024 increased by Baht 40.60 million, representing an increase of 36.40%. The main increase comes from the revenue from the parking service business (PS), amounting to Baht 9.47 million, representing an increase of 11.29 %, and revenue from the consultant and installation parking management systems service business (CIPS), amounting to Baht 31.79 million, representing an increase of 1,081.29% due to the projects of Smart Parking Management System and Guidance System, which the company was granted contract from MRTin mid-2023, have gradually recognize income in proportion to the work completed (Percentage of Completion) according to financial reporting standards.
The company had a gross profit of Baht 42.08 million, representing a gross profit margin of 27.66%. This was higher than the gross profit of the same period last year of Baht 28.36 million, representing a gross profit margin of 25.42%, due to the gross profit from the recognition of income in proportion to the success of the consultant and installation parking management systems projects.
JPARK had administrative expenses of Baht 13.05 million, accounting for 8.58% of service income. Administrative expenses decreased by Baht 0.48 million, representing a decrease of 3.55% from the same period of the previous year. The company has financial costs of Baht 1.07 million, accounting for 0.71% of service income. The financial costs decreased by Baht 0.52 million from the same period of 2023 due to lower interest expenses realized from the lease agreement.
