JKN Records a Steady Profit in 2Q at ฿70m, Contributing to a Growth of 8% in 1H Profit

JKN Global Media Public Company Limited (JKN) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

JKN announced a steady profit in the second quarter of 2019 at THB 69.62 million, increased 1.71% YoY. However, the profit for the first half of 2019 grew 7.98% to THB 150.12 million as the total revenue for the six-month period ended 30 June 2019 increased 24.65% YoY.

For the six-month period ended 30 June 2019, JKN had revenue from program rights of THB 852.86 million which was composed of domestic sales amounting to THB 574.27 million and export sales about THB 278.59 million or accounted for 67.34% and 32.66% of total revenue from program rights, an increase of THB 231.28 million or 37.21% from the same period of previous year, resulting from JKN has increased distribution channels to export content since the second quarter of 2018.

In addition, JKN has an outstanding backlog as of 30 June 2019 of THB 470.01 million which is composed of THB 368.99 million for the local sales and THB 101.02 million or USD 3.30 million for the export sales.