JKN Records a 23% Growth in 2020 Profit, Offering a Dividend at Bt0.2070/share.

JKN Records a 23% Growth in 2020 Profit from Low Expenses, Offering a Dividend at Bt0.2070/share.

JKN Global Media Public Company Limited (JKN) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

 

JKN reported a net profit of 312 million baht in 2020, increased 23.60% compared to a net profit of 252 million baht in 2019. The increase was mainly due to a drop of total expenses by 11.91%, especially on the cost of content.

Meanwhile, other income and finance income rose 31.74 million baht to 47.63 million baht in 2020 mainly due to the baht appreciation against the dollars, resulting in a gain from foreign exchange, compared to a loss in 2019.

 

In addition, the Board of Directors of JKN approved a dividend payment of ฿0.2070/share to be paid on May 28, 2021. The ex-dividend date is March 15, 2021.

 

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