JKN Global Group Public Company Limited (SET: JKN) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
54,383 |
99,512 |
| Earning Per Share (Baht) |
0.09 |
0.16 |
| % Change | -44.45% | |
The company for the three-month period ended 31 March 2022 reported net profits of THB 50.62 million which decreased by THB 48.78 million or 49.08% from the same period of previous year, mainly due to the increased of THB 21.81 million or 52.28% in finance cost, arisen from short-term loans from financial institution, including the debentures that had been issued during the previous year for the purpose of the acquisition of new business in the last year.
Moreover, an arisen from Selling and servicing expenses mainly due to subsidiaries had been publicized it’s products to raise brand awarenesss to the consumers.
Total revenue for the three-month period ended 31 March 2022 was revenue of THB 465.92 million, which increased by THB 23.40 million or 5.29% from the same period of previous year. The total revenue of each operating segments for the the three-month period ended 31 March 2022 of the Company and its subsidiaries had changed from same period of previous year as follows (1) Revenue from sales of program rights increased 5.56% (2) Revenue from advertising and media services decreased 49.54% (3) Revenue from sales of products increased 100% (4) Other income decreased 79.62 %.
The company had revenue from program rights in 1Q2022 of THB 437.02 million which was composed of domestic sales amounting to THB 396.94 million and export sales about THB 40.08 million or accounted for 90. 83% and 9. 17% ( 2021: 39.25% and 60.75% ) of total
Revenue from program rights, which overall increased by THB 23.02 million or 5.56% from the same period of previous year. The increase in revenue program right mainly from domestic sales of THB 234.42 million or 144.23% due to the reorder from a major customer with more volume for digital television (DDT) broadcasting and Cabsat in this period and renewing the expired license. Moreover, major customers purchased more of rights to broadcast on Internet Protocol television (IPTV) which is the new platform license that the Company had purchased during the end of year 2021. While export sales of revenue program right decreased by THB 211.40 million or 84.06%, mainly due to decline of orders from major customers who broadcast via cable and satellite (Cabsat) as the license year of program rights were not expired and there were still enough to be broadcasted on their channels.
Considering revenue from program rights based on type of platform given to the customer, the revenue from sales the program rights that broadcast only one platform on digital television (DTT) decreased from the same period of previous year due to the demand from most of customers has changed to the program rights to broadcast more than one platform especially the sales of program rights which can broadcast on digital television, cable and satellite and Video on demand (DTT, Cabsat, VOD). Moreover, the Company sold more of rights to broadcast on Internet Protocol television (IPTV) during this period. As a result, revenue from sales of program rights to broadcast more than one platform increased of THB 231.75 million.
The company and its subsidiaries in 1Q22 earned service income totaled THB 4. 54 million, the decrease of THB 4.46 million or 49. 54% from the same period of previous year due to higher advertising revenue from JKN 18. However, the impact of Coronavirus desease 2019 pandemic that spread directly and indirectly to the various businesses in the country. Therefore, many companies in the country have been reduced their advertising expense to control the budget. Moreover, JKN 18 channel’s broadcast schedules are currently rearranged to build more interest and channel’s rating.
The income from product sales contains the sales of nutritional supplement products and healthy drinks which had been distributed since April 2021.
For the three-month period ended 31 March 2022, the company and its subsidiaries earned revenue from product sales business of Baht 20.38 million which comprise the nutritional supplement products of Baht 7.80 million and healthy drinks of Baht 12.58 million.
