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    JASIC Published Its Third Quarter Financial Report Of 2020

    JASIC published its financial report of the third quarter of 2020 on October 21st. While the impact of COVID-19 pandemic persists, JASIC has demonstrated strong adaptability in the third quarter of 2020 with relatively stable financial performance.

    Third Quarter Performance

    JASIC reported total operating revenue of USD 48.39 million for its third quarter of 2020, a 45.34% increase, as compared to USD 33.29 million in the prior year period.

    Period
    2018-Q3
    2019-Q3
    2020-Q3
    Total operating revenue
    $32,926,846.76
    $33,294,077.84
    $48,391,238.59




    Operating income reached USD 8.48 million, a 28.93% decrease year over year. Meanwhile total profits were USD 8.48 million, down 28.97% compared to the same period of last year. Net profit attributable to shareholders was USD 7 million, declining 31.01% from the previous year. Earnings per share were USD 0.01, a 35.71% drop year over year.

    Period
    2018-Q3
    2019-Q3
    2020-Q3
    Operating income
    $9,903,403.85
    $11,933,623.29
    $8,481,765.53
    Total profits
    $9,911,633.32
    $11,942,617.57
    $8,482,272.89
    Net profit attributable to shareholders
    $8,362,915.46
    $10,146,207.00
    $7,000,178.53
    Earnings per share
    0.02
    0.02
    0.01


    Though the COVID-19 pandemic has significantly affected JASIC’s profitability, the company has managed to limit the influence with proper responses. And it has confidence in maintaining good momentum of growth and preparing for new challenges ahead.




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