2008 was another important year for Jay Mart Public Company Limited. The Company was allowed to offer new shares to the public. It also performed well on the market, yielding net profits of Baht 97 million, up 45.99% from the previous yearfithis, despite the country’s intensified political uncertainty and the global economic downturn, both of which adversely affected consumer confidence. In order to accomplish this, the Company changed its strategy to suit current economic conditions by selling mobile phone brands that maximized its gross profit margin. Our strong staff and commitment to quality service have been key to our growth during these troubling economic times.
Global economic situation in the rest of 2009 may be unpredictable. Somehow crisis provides opportunity for those who differentiate themselves from competitors and continuously strengthen brand, develop organization, employees and management. Mobile phone industry projects to increase market share and have more branches and product lines, especially "house brand" which is the current hit. "jFone" has appeared in advertising media and increasingly become widely known and accepted. To make jFone be #1 House Brand, the company shall set a decent working system for all departments to have jFone outstand from competitors, reach customer wants in terms of quality, modern design and complete functions.
For debt collection and management, the Company plans to buy more non-performing loans to manage. This should create a growth for the future. The Company plans to provide a more efficient debt collection system that maximizes customer satisfaction. It will also develop its IT system to keep the company' s considerable debt collection database up-to-date.
The Company would like to use this opportunity to thank all of its shareholders, customers, business partners, managers, and employees for their part in the continued growth of the business. The Company is committed to the principles of good corporate governance, and to continually enhancing the Company' s competitiveness. The Company will also behave in a socially responsible manner, in the hopes of providing a good role model and contributing to a more humane and sustainable society.
(Mr. Ptisanu Pongatcha)
Chairman
(Mr. Adisak Sukhumvitaya)
Executive Chairman