Earnings from SINGER and JMT Contributes to JMART’s Highest Quarterly Record at ฿261Mn

Earnings from SINGER and JMT Contributes to JMART’s Highest Quarterly Record at ฿261Mn.

Jay Mart Public Company Limited (JMART) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

JMART reported a net profit of 261 million baht in 3Q20, increased 109.74%, the highest record for quarterly performance, compared to a net profit of 124 million baht in 3Q19. The YTD net profit for 9 months for 2020 at 526 million baht is almost the same level of the year 2010 ‘s net profit.

The performance in the past 9 months has grown due to the growth of the non-performing debt management business and the growth of Singer Thailand, which has achieved remarkable growth performance. Including adjusting the operating strategy in other core businesses such as mobile distribution business under Jaymart Mobile, JAS Asset’s rental management business has resulted in a good operating profit.

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