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.
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