Jaymart Group Holdings Public Company Limited (SET: JMART) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
339.71 | -611.22 |
| Earning Per Share (Baht) |
0.2340 | -0.4200 |
| 6 Months | 6M24 | 6M23 |
| Net Profit (Loss) Million Baht |
575.53 | -905.95 |
| Earning Per Share (Baht) | 0.40 | -0.62 |
JMART reported a net profit of 339 million baht in 2Q24, making a turnaround from a net loss of 611 million baht in the second quarter of last year. This substantial increase is due to the absence of unrealized losses from other financial assets and no share of losses from associates during the first and second quarters of 2024.
For the second quarter of 2024, the company reported total revenue of 3,282 million baht, representing a slight increase of 17.1 million baht or 0.5% compared to the same period last year.
Revenue from customer contracts for the second quarter of 2024 was 2,045.8 million baht, showing a slight decrease of 1.1% compared to the same period last year. Meanwhile, interest income from purchase of accounts receivable and gain on credit from purchase of accounts receivable, which pertains to the debt management business, was 1,079.7 million baht for the second quarter of 2024. This represents an increase of 49.4 million baht or 4.8% compared to the same period last year.
Rental income for the second quarter of 2024 was 90.5 million baht, representing a slight decrease of 0.6 million baht or 0.7% compared to the same period last year. Also, insurance revenue for the second quarter of 2024 was 66 million baht, a decrease of 9.9 million baht or 13% compared to the same period last year.
For the second quarter of 2024, the Company reported a share of profit from joint venture investments amounting to 1 4 5 .7 million baht, an increase of 1 9 .8 million baht or 15.7% compared to the same period last year.
