JKN’s 2Q Profit Jumps 22% to ฿85M, Stepping Up to Trade in SET!

JKN’s 2Q Profit Jumps 22% to ฿85M, Stepping Up to Trade in SET!

JKN Global Media Public Company Limited (JKN) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

JKN reported a net profit of 85 million baht in 2Q20, increased 22% compared to a net profit of 69 million baht in 2Q19. Meanwhile, for the six-month period ended 30 June 2020, the company had net profits of THB 180.25 million, an increase of THB 30.13 million or 20.07% from the same period of the previous year because of the total revenue for the six-month period ended 30 June 2020 increased 5.37% from the same period of the previous year.

The increase was due to the fact that the Thai Baht value depreciated against US Dollar since the beginning of this year, the Company had gained on exchange rate while the Thai Baht value appreciated against US Dollar and the Company had loss on the exchange rate in last year.

 

In addition, the Board of Directors’ Meeting of JKN, which was held on August 14, 2020 considered and resolved to approve to move JKN from mai to SET by assigning the management to submit the application for listing in the Stock Exchange of Thailand (SET).

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