JMT’s 3Q Profit Jumps 49%, Booking a Highest Quarterly Record of ฿283Mn

JMT Network Services Public Company Limited (JMT) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

In this Q3/2020, JMT reported a highest quarterly profit record of 283.2 million baht, a growth of 49.3% compared to the third quarter of 2019. The Company’s net profit margin in Q3/2020 represents 36%. And the company has a net profit of 716.9 for the nine-month period ended September, a growth of 48.5% compared to the same period of 2019 which is considered to be a robust growth rate. This growth came from an effective management and business opportunities that continue to grow with the profit of the past 9 months.

 

The total revenues in Q3/2020 was 783.5 million baht, growing from the same quarter last year by 13.3%, resulting from the expansion of an investment in non-performing debt. And the growth of the non-performing debt portfolios that has been fully amortized the investment value since the end of Q2/2020.

 

JMT had the amount of cash collection in quarter 3/2020 of 985 million baht, increasing by 5% compared to the same period last year.