JMT Network Services Public Company Limited (SET: JMT) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q23 | 2Q22 |
| Net Profit (Loss) Million Baht |
551.00 | 433.31 |
| Earning Per Share (Baht) |
0.3800 | 0.3000 |
| % Change | 27.16 | |
| 6 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
1,004.07 | 800.26 |
| Earning Per Share (Baht) | 0.6900 | 0.5700 |
| % Change | 25.47 | |
JMT reported a net profit of 551.0 million baht, a 27% increase from the second quarter of 2022. The increase was mainly due to JMT’s cash collection ability and share of profit from joint venture JK AMC that has grown higher.
The company’s total revenue for the second quarter of 2023 is 1,249.5 million baht, an increase from the same period last year of 162.1 million baht, or a percentage increase of 14.9.
The company’s management remains positive on the direction of the company’s operations, while still targeting growth in performance for the following reasons.
From the perspective of the market opportunity to invest in non-performing loans, the market still has a good direction. The company is trusted by financial institutions partners. The company still aims to offer a reasonable purchase price for non-performing loans and remaining of the quality of service for debtors of financial institutions. According to data from financial institutions during the second quarter of 2023, it was found that the group of debtors affected by the COVID situation who are vulnerable began to have more non-performing loans.
From the perspective of a cash flow collection under the current economic situation, the company has managed debt collection by taking into account the debtor’s ability to repay debt and presenting a debt restructuring that is in line with the debtor’s ability to pay back to maintain a relationship with debtors in the future.
Currently, the company offers more convenient payment channels to debtors, including an alliance with National Credit Bureau Co., Ltd. (Credit Bureau) (NCB) to facilitate JMT’s clients to restructure debt and fix bad credit to come back good again through Jaii-Dee Application, a platform that J Ventures Co., Ltd. (J Ventures) develops and supports JMT’s debt management ecosystem.
In addition, the Board of Directors approved a dividend payout of THB0.34 per share to be paid on September 8, 2023. The ex-dividend date is August 24, 2023.
