Jay Mart Public Company Limited (JMART) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
JMART’s 2Q19 net profit was THB 137.0 million, increased 207.65% when compared to the same period of last year mainly due to the decrease of administrative expenses and loan management of JMT.
JMART had selling and administrative expenses from the consolidated financial statements for Q2/2019, equal to 556.8 million Baht, a decrease of THB 73.2 million or 13.2% compared to the same period of the previous year due to a decrease in expenses relating to loan loss reserves for personal loans of the subsidiaries.
Moreover, the growth of JMT’s performance, causes the group’s operating results to grow continuously and is considered as the core of the group’s profits. The direction of operating results for Q3 and Q4 will be the highest growth period of the year. The trend of JMT’s revenue will increase due to the income generated from the fully-amortized collection, which will obviously grow in the third and fourth quarter this year.
In addition, the Board of Directors meeting passed a resolution to pay an interim dividend at ฿0.0260824/share and a stock dividend payment at 4.26 of existing share to 1 stock dividend. The ex-dividend date will be on September 25, 2019 and the payment date will be on October 10, 2019.