JKN’s 9M Profit Jumps 30% to ฿264Mn, Driving by an Increase in Revenue and FX Gain

JKN’s 9M Profit Jumps 30% to ฿264Mn, Driving by an Increase in Revenue and FX Gain

JKN Global Media Public Company Limited (JKN) has reported its nine-month period ended 30 September 2020 consolidated financial statement through the Stock Exchange of Thailand as follows;

For the nine-month period ended 30 September 2020, JKN had net profits of THB 264.26 million, an increase of THB 61.68 million or 30.45% YoY because the total revenue for the period increased 3.13% from the same period of previous year. From the fact that the Thai Baht value depreciated against the US Dollar since the beginning of this year, JKN had gain on exchange rate while the Thai Baht value appreciated against US Dollar and the Company had loss on exchange rate in last year.

 

As a result of above reason, the net profit ratio (ROS) for the nine-month period ended 30 September 2020 increased from 15.74% to 19.91%. Moreover, the total expense to total revenue ratio decreased from 16.72% to 12.80%.

 

JKN earned a total revenue of THB 1,326.94 million, an increase of THB 40.22 million or 3.13% YoY. The total revenue of each operating segment for the period was composed of  revenue from sales of program rights decreased 1.20%, revenue from advertising and media services increased 449.16% and there is no revenue from sales of products, along with other income increased 603.51%.

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