Jubilee Enterprise Public Company Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 13, 2017 at 07:48 pm EST
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Jubilee Enterprise Public Company Limited reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue from sales of THB 362,683,000 against THB 327,401,000 for the same period a year ago. Profit before income tax was THB 55,403,000 against THB 46,376,000 for the same period a year ago. Profit was THB 44,553,000 against THB 37,347,000 for the same period a year ago. Basic earnings per share were THB 0.25 against THB 0.21 for the same period a year ago. Total turnover increased by 10.8% due mainly to the result of growth in same store sales of the company. The company's net profit increased by 19.6% due to the increase of same store sales of the company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative expenses.
For the nine months, the company reported revenue from sales of THB 1,100,519,000 against THB 997,780,000 for the same period a year ago. Profit before income tax was THB 152,162,000 against THB 135,794,000 for the same period a year ago. Profit was THB 122,117,000 against THB 108,665,000 for the same period a year ago. Basic earnings per share were THB 0.70 against THB 0.62 for the same period a year ago. Net cash provided by operating activities was THB 141,464,000 against THB 5,485,000 for the same period a year ago. Purchases of equipment were THB 3,894,000 against THB 6,361,000 for the same period a year ago. Purchases of intangible assets were THB 396,000 against THB 2,687,000 for the same period a year ago. Total turnover increased by 10.3% due mainly to the efficiency of the same store sales management of the company, of which resulted to the continuously growth in sales since the first half year of 2017. The company's net profit was increased by 12.3% due to the increase of same store sales of the company, while the company still has improved on the inventory cost management as well as sales mix management in each product category efficiently, and strictly controlled on the selling and administrative expenses.
Jubilee Enterprise Public Company Limited is a Thailand-based company that is engaged in the retail and wholesale of jewelry. The Company is involved in manufacturing and distributing diamond jewelry, Carat Diamond, under the trademark Jubilee Diamond. The Companyâs collections include carats, luxury necklaces, diamond lines, weddings, and men's collections. It imports diamond raw materials from Belgium. The company has branches in Thailand with branches covering all regions nationwide. It distributes its products through its distribution channels in the form of diamond counters in department stores. It has approximately 130 branches. Its stores include Jubilee of Siam and Jubilee Diamond Outlet stores. Its Jubilee Diamond Outlet stores offers diamond jewelry, carat diamonds, and diamond necklace sets in more than 1,000 items.