JUBILE’s 3Q19 Profit Hike 22% to ฿62mn from High SSSG Near 12%

Jubilee Enterprise Public Company Limited (JUBILE) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

JUBILE booked a profit of 62.24 million baht in 3Q19, increased 22.54% compared to a net profit of 50.79 million baht in 3Q18.

In the third quarter of 2019 JUBILE had revenue from sales in the amount of Baht 421.19 million, increased from the same period of last year by Baht 61.68 million or 17.2% which was resulting from same-store sales growth at 11.87% and new branches at 5.55%. The sales growth was from the sale of the old collections and collections that launched during the 2nd quarter 2019 which these collections were well-impressed by customers. In addition, JUBILE had a marketing campaign that results in revenue from sales increased.