JMART – 5 Businesses to Keep the Mood Up!

JMART’s 1Q19 consolidated financial statement had turned from THB 187 million of loss in 1Q18 to THB 118 million of profit, making it the talk of the town once again.

The source of this turnaround was due to the positive transformation of its five businesses that sustain JMART over the quarter.

 

The first and core business of JMART is debt management and debt collection under the name “JMT Network Services Public Company Limited (JMT)” which had a constant growth during the period and booked THB 144.53 million, increased THB 116.14 million YoY.

 

The second business is hire purchase and car for cash business under the name Singer Thailand Public Company Limited (SINGER) that had been shaping and rebuilding to escape from a deficit for over three years, and finally, the company got to see a profit of THB 40 million in the first quarter of 2019, reviving from a net loss of THB 184.48 million YoY.

 

Third, personal loan financing business under the name J Fintech, which showed THB 9 million of profit in the first quarter of 2019. The amount of profit may seem to be too little, and upon checking the company’s loan receivable at THB 3,902 million and the NPL ratio stood at 5.1%, which is considerably high. However, the financial globalization will be the beneficial factor for J Fintech in the future.

 

Asset developer is the fourth business of JMART under the name of JAS Asset Public Company Limited which recorded a profit of THB 500,000 in the first quarter of 2019, showing a slow but steady progress. The company is also aiming to issue a debenture as a fund for future investment. And the hope of booking profit for this year will be the revenue from its condominium projects which are expected to open for subscription in 4Q19.

 

The last business which is a very familiar one to smartphone users is the mobile retailer business under the name of Jaymart Mobile Co., Ltd or Jaymart. The business was once JMART’s core business and it is trying its best to keep the business going as a holding company.

However, the mobile retailer business is facing a big challenge on whether to be able to grow further or how to survive?

 

While all businesses are in the mood, let’s hope that nothing will destroy it….for now.