All Businesses Contribute to JMART’s Growth, Posting a Surge of 47 Folds in Profit

All Businesses Contribute to the Growth of JMART, Posting a Surge of 47 Folds in Profit.

Jay Mart Public Company Limited (JMART) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

JMART showed the net profit of 124.6 million baht in 3Q19, an increase of 4,655% from the third quarter of 2018, representing a net profit margin of 4.66%. The increased net profit in the third quarter of 2019 was mainly due to the businesses in subsidiaries and associated JMART investing had improved operating results when compared to the same period last year.

The business of mobile phone distribution business, personal loans business, and non-performing loan management business was the important main factor driving the Group’s overall performance to continue growing compared to the previous year. For JMT’s performance in the consolidated financial statements for the nine-month of 2019, JMT reported a net profit of 380.0 million baht, equivalent to a net profit margin of 4.70%.