21 February 2014
Management Discussion and Analysis Yearly Ending 31-Dec-2013 (Edit Template)
Management Discussion and Analysis
Company name : JAY MART PUBLIC COMPANY LIMITED
Year : 2013
Quarter : Yearly
Ending : 31-Dec-2013
Note :
Ref. IR 57/005 20, February 2014
Subject: Declaration of the year end operating results changed over 20%
To: President
The Stock Exchange of Thailand
According to the resolution of the Board of Directors of Jay Mart Public Company
Limited (the "Company") No. 2/2014 held on February 20, 2014, resolved to
approve the financial statements and the operating results of the Company and
its subsidiaries for the year ended 31 December 2013, which has been reviewed by
the auditors of the Company. The results can be summarized as follows:
The consolidated net profit for the year ended of 2013 operating results of the
Company and its subsidiaries of Baht 400.19 million compared to a net profit of
Baht 340.81 million in the previous year, the net profit increased by Baht 59.38
million or by 17.42%. The details are as follows:-
1. The Company reported the revenue from sales and services for the year end of
2013 of Baht 9,665.11 million compared to the same period of the previous year
as equal to Baht 7,943.64 million, representing an increase of Baht 1,721.47
million or increased by 21.67%, mainly due to;
- Revenue on the sale of goods increased by Baht 1,668.72 million, or an
increase at a rate of 22.87% primarily due to the sales volume the higher
expanded distribution channels.
- Revenue on the debt collection services and other services decreased by Baht
31.29 million, or an decrease at the rate of 7.95% Since there is a bid to buy
distressed debt to manage themselves more by cutting investments in loans to
make up the revenue recognition impact has decreased while the debt collection
is still up from last year.
- Rental revenue increased by Baht 84.04 million, or an increase at a rate of
33.20% from the rental rate and the rental area increases
2. The Company reported other revenue for the year end 2013 of Baht 330.08
million compared to the same period of the previous year as equal to Baht 216.62
million, representing an increase of Baht 113.46 million or increased by
52.38%, mainly due to;
- Revenue on the sales promotion increased by Baht 134.27 million, or an
increase at a rate of 94.49% due to increased the sales promotion by a group of
mobile business, group accessories and service providers to network3.
3. The Company reported gross profit of Baht 1,331.48 million, increased by Baht
272.24 million or an increase at a rate of 25.70% when compared to the previous
year due to an increase in the operating results of the Company.
4. The Company's selling and administrative expenses for the year end of 2013 of
Baht 1,099.10 million compared to the previous year as equal to Baht 793.57
million, increased by Baht 305.53 million or an increase at a rate of 38.50% due
to increased in the expenses from marketing management, depreciation and the
rent area of new store and ESOP costs.
Please be informed accordingly.
Sincerely yours,
(Miss Ladda Waruntarakul)
Secretary of the Company
This announcement was prepared and disseminated by listed company or issuer
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only. The Stock Exchange of Thailand has no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases. In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.