JUBILE Posts 14.8% Decline in 1Q20 Profit as the Effect from Covid-19 Spreading

Jubilee Enterprise Public Company Limited (JUBILE) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

JUBILE reported a net profit of 45.1 million baht in 1Q20, decreased 7.8 million baht or 14.8% when compared to a net profit of 52.88 baht in 1Q19 mainly due to the market situation effect from spreading of the COVID-19 virus.

 

JUBILE’s branches, where located in department stores, were closed by the command of government since March 22, 2020. This situation has affected to decrease in JUBILE’s revenue dramatically