07 Aug 2019 17:03:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2019
Management Discussion and Analysis Company name : JASMINE TELECOM SYSTEMS PUBLIC COMPANY LIMITED Year : 2019 Quarter : Quarter 2 Ending : 30-Jun-2019 Note : [ TRANSLATION ] Our Ref. JTS/CS-011/2562 August 7, 2019 Subject : Report on the Company's operating results of the second quarter of the year 2019 To : President of the Stock Exchange of Thailand The Board of Directors' Meeting No. 5/2019 of Jasmine Telecom Systems Public Company Limited (the "Company") held on August 7, 2019, has resolved to approve the consolidated financial statements for the second quarter of the year 2019, ended June 30, 2019, that have been accordingly reviewed by the Company's external auditor and by the Audit Committee at the meeting No. 4/2019 held on August 7, 2019. 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 second quarter of the year 2019 was Baht 24.31 million, decreasing by Baht 1.96 million or 7.46 % when compared to that of Baht 26.27 million in the second quarter of the year 2018. The total revenue comprised:- - The revenue obtained from Telecom Systems Integration and Telecom Service business of Baht 9.45 million; - The revenue obtained from Computer Systems Integration business and Cloud Computing business of Baht 12.92 million; - Other revenue of Baht 1.94 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 second quarter of the year 2019 was Baht 26.23 million, increasing by Baht 2.84 million or 12.14% when compared to that of Baht 23.39 million in the second quarter of the year 2018. 3. Net Profit In the second quarter of the year 2019, the operating profit of the Company and its subsidiary was Baht 1.57 million, decreasing by Baht 0.09 million or 5.42% when compared to that of Baht 1.66 million in the second quarter of the year 2018. This amount, included by - the exchange gain of Baht 0.83 million; - the record of additional provision for long-term employee benefit 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 net loss for the second quarter of the year 2019 of the Company and its subsidiary of Baht 2.18 million, compared to the net profit of Baht 0.17 million in the second quarter of 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.