JAS Posted Net Loss of THB 1,501 Million in Fiscal Year 2021, Decreasing Loss by 52%

Jasmine International Pcl. (SET: JAS) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Thousand Baht

(1,500,704)

(3,134,017)

Earning Per Share THB

(0.17)

(0.37)

% Change -52%

 

Earnings for the year 2021 had a net loss of 1,501 million Baht, decreasing by 52 %, compared to the year 2020 in which the total net loss was recorded at 3,134 million Baht.

Total operating revenue of the Company and its subsidiaries for Y2021 was 20,371 million Baht, increasing by 1,141 million Baht or 6% YoY

Broadband and Internet TV Service segment contributed  18,033 million Baht, increasing by 446 million Baht or 3% YoY due to an increase in the number of 3BB subscribers.

Revenue from the provision, design and installation of telecommunications systems segment of 1,131 million Baht, increasing by 218 million Baht or 24% YoY as a result of an increase in the revenue obtained from domestic and international circuit leasing services. Moreover, for the year 2021, the Bitcoin mining business that has recognized its revenue since 3Q2021, recognized its revenue from approximately 9.6 Bitcoins earned, equivalent to approximately 16.5 million Baht.

The revenue obtained from other segment and other income of 1,207 million Baht, increasing by 477 million Baht or 65% YoY due to the record of the revenue from the reversal of the liability of TTTBB in 4Q2021 of 609 million Baht and the gain from the change in the fair value of investment properties – net of 22 million Baht – a result of the change in the accounting policy for investment properties of Premium Assets Company Limited, a subsidiary in JAS Group in 4Q2021.