Lower Expenses in 3Q24 Drive JR’s Net Profit Higher by 36%

J.R.W. Utility Public Company Limited (SET: JR) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 3Q24 3Q23
Net Profit (Loss)
Million Baht
27.50 20.24
Earning Per Share
(Baht)
0.0400 0.0300
% Change 35.91
9 Months 2024 2023
Net Profit (Loss)
Million Baht
29.75 91.52
Earning Per Share (Baht) 0.0400 0.1200
% Change -67.50

JR reported a net profit of 27.50 million baht in 3Q24, representing an increase by 35.91% compared to the same period of last year.

Despite a decrease of total revenue in the quarter by 34% to record at 423 million baht, a decline in total expense by 37% to 389 million offset those numbers.

Additionally, the company reported an operation profit of 34.5 million baht, representing an increase by 36%.