JAS’s 3Q19 Profit Shrinks 12% to ฿342mn from the Allowance and Provision for Debts

Jasmine International Public Company Limited (JAS) has reported its 3Q19 consolidated financial statement through the Sock Exchange of Thailand as follows:

JAS recorded a net profit of 342 million baht in 3Q19, decreased 11.81% from a net profit of 388 million baht in 3Q18. The decrease was mainly due to; 1) the allowance for doubtful debts of 3BB of 60 million baht 2) the provision for debts from the rehabilitation plan of the Company of 5 million baht 3) the deferred tax of the Company and its subsidiaries of 33 million baht.