10 August 2010
Declaration Q2/2010,Dividend, increase capitals subsidiary.
10 August 2010
Ref. IR53/0010
Subject 1. Declaration of the Q2/2010 operating results changed over
20%
2. Resolution of the Board of Directors No. 4/2010 to
approve the interim
dividend payment
3. Resolution of the Board of Directors No. 4/2010 to
increase capitals of a subsidiary
Attention President
The Stock Exchange of Thailand
The resolution of the Board of Directors of Jay Mart Public Company
Limited, No. 4/2010 dated 10
August 2010 approved the financial statement and the operating results of the
Company and its subsidiaries
for the second quarter ended 30 June 2010 and received an examination from the
Company's Auditor which
can be summarized as follows:
1. The consolidated operating results of the Company and its
subsidiaries in the second quarter
of2010 reported the net profit of Baht 10.55 million, which decreased by Baht
14.97 million, or by 58.66%
from the same period of last year due to the following details:.
1.1 The Company's revenue from sales and services for the second
quarter of 2010 were at Baht
1,293.72 million which increased by Baht 73.32 million, or by 6.01% from Baht
1,220.40 million of the
same period of last year due to
1.1.1 The revenue from selling products increased by
Baht 63.17 million, or rose by
5.55% after the increase of sales volume through additional sales channels
1.1.2 The revenue from debt collecting and other
services increased by Baht 9.90
million, or rose by 28.21% mainly came from the increased of non-performing
debt's bidding, a high margin
business, for management.
1.2 The Company's sales promotion revenue decreased by Baht 23.78
million, or decreased by
43.09% which received from each brand of mobile phone manufacturers to
stimulate the sales volume.
1.3 The Company's gross profit margin was at Baht 124.87 million,
decreased by Baht 24.48
million, or dropped by 16.39% when compared with last year due to the local
political situation which caused
the product prices to be sold at lower prices.
1.4 The Company's expenses from sales and management for the
second quarter of 2010 were at
Baht 141.27 million which decreased by Baht 21.00 million, or dropped by
12.94% from Baht 162.27 million
of the same period of last year due to the decrease of the expenses from
marketing management and other
activities.
2. The Board of Directors' meeting No. 4/ 2010 dated 10 August
2010 had a resolution to approve
the interim dividend payment of the first six-month period's operating results
2010 from 1 January 2010 - 30
June 2010 after the Company's net profit after taxes from the profit and loss
statement totaled Baht
33,844,865. Thus, the Board of Directors approved the dividend payment of Baht
0.06 per share, or 53.18% of
the net profit from the consolidated financial statement which is accounting
for Baht 18,000,000 of the interim
dividend payment.
The record date to identify the shareholders' list to receive the
dividend is on 25 August 2010 and
the closure of the Company's share register book is on 26 August 2010 in order
to suspend share transfer and
collect the shareholders list pursuant to Section 225 of the Securities and
Exchange Act; the interim dividend
payment is on 9 September 2010.
3. The Board also approved the capital increase of JMT Network
Services Co., Ltd., Providing Debt
Collection service and legal and investigation service across Thailand as well
as purchasing Non Performing
Loan (NPL) from financial institutions and other service providers to track
debtors and seek benefits. It is a
subsidiary of the Company of which the Company holds 99.99% of shares. The
existing registered capital of
Baht 40,000,000 million consists of 400,000 shares at the par of Baht 100 per
share will be increased to the
registered capital of Baht 80,000,000, consisting of 800,000 shares with par
remaining at Baht 100 per
share by the issuance and selling of Baht 40,00,000 of common shares, totaling
400,000 shares to the
Company. Thus, after the capital increase, the Company will hold shares in JMT
Network Services Co., Ltd.
totaling 79,999,993 shares, or 99.99%. The fund from the capital increase will
be prepared for future
investment and working capital for the business.
This transaction is exempt from The Stock Exchange of Thailand's
rule of information disclosure
concerning the acquisition and disposition of assets of listed companies and
is not a connected transaction.
Please be informed accordingly,
Sincerely yours,
( Miss Ladda Waruntarakul )
Secretary of the Company