JAS 2Q Profit Plunges 40% after Recording High Provision of 3BB and Employee Benefits

Jasmine International Public Company Limited (JAS) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

JAS’s net profit for the second quarter of the year 2019 was THB 2,221 million, declined 39% when compared to a total of THB 3,644 million in the same period of last year.

The plummet in the second quarter of 2019 was mainly due to an allowance for doubtful debts of 3BB of THB 60 million and an additional provision for long-term employee benefit of THB 165 million.

Moreover, there are also an allowance for debts from the rehabilitation plan of JAS of THB 5 million and a deferred tax of JAS and its subsidiaries of THB 19 million.