News Detail

Date/Time
05 Feb 2020 17:14:00
Headline
Management Discussion and Analysis Yearly Ending 31 Dec 2019
Symbol
JTS
Source
JTS
Full Detailed News
Download Full Detailed News
                Management Discussion and Analysis

Company name                             : JASMINE TELECOM SYSTEMS PUBLIC 
COMPANY LIMITED
Year                                     : 2019
Quarter                                  : Yearly
Ending                                   : 31-Dec-2019
Note                                     :
[ TRANSLATION ]


Our Ref. JTS/CS-002/2563

February 5, 2020

Subject    :    Report on the Company's operating results of the year 2019
To    :    President of the Stock Exchange of Thailand


The Board of Directors' Meeting No. 1/2020 of Jasmine Telecom Systems Public 
Company Limited (the "Company") held on February 5, 2020, has resolved to
approve the consolidated financial statements for the year 2019, ended 31
December 2019, that have been accordingly audited by the Company's external
auditor and reviewed by the Audit Committee at the meeting No. 1/2020 held on
February 5, 2020. Also, on this occasion, the Company would like to report its
operating results as detailed below:-

1.    Total Revenue
The total operating revenue of the Company and its subsidiary for the year 2019 
was Baht 116.44 million, decreasing by Baht 26.14 million or 18.33 % when
compared to that of Baht 142.58 million in the year 2018.  The total revenue
comprised:-

-    The revenue obtained from Telecom Systems Integration and Telecom Service 
business of Baht 51.02 million, mainly decreasing due to the sale of notebooks
and computer servers;
-    The revenue obtained from Computer Systems Integration business and Cloud 
Computing business of Baht 52.49 million; mainly decreasing due to service
contracts and maintenance service of the billing system for the customers;
-    Other revenue of Baht 12.93 million.

2.    Cost of Sales and Services, Selling and Servicing Expenses and Administrative
 Expenses
The cost of sales and services, the selling and servicing expenses and the 
administrative expenses of the Company and its subsidiary for the year 2019 was
Baht 107.76 million, decreasing by Baht 15.04 million or 12.25% when compared to
 that of Baht 122.80 million in the year 2018.

3.    Net Profit (Loss)
The operating profit of the Company and its subsidiary for the year 2019 was 
Baht 8.94 million, decreasing by Baht 6.03 million or 40.28% when compared to
that of Baht 14.97 million in the year 2018. This amount, included by
-    the exchange gain of Baht 1.78 million;
-    the record of additional provision for long-term employee benefits of Baht 
4.58 million (as shown under Administrative Expenses) to comply with the latest
Labor Protection Act, effective from May 5, 2019 onwards,
resulted in the record of the net profit for the year 2019 of the Company and 
its
subsidiary of Baht 6.14 million, compared to the net  profit of  Baht 15.15 
million in the
year 2018.




Please be informed accordingly.


Sincerely yours,
Jasmine Telecom Systems Public Company Limited.


[Pleumjai Sinarkorn]
(Mr. Pleumjai Sinarkorn)
Chairman of the Board of Directors
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.