2018, another year for managing challenges of Company's operations after changing status as Holding Company investing in potential retail businesses, however, the Company confronted with negative impact, which led to the operating results of key subsidiaries in respect of mobile phone distribution and personal loan business, did not meet the target. Preceding, the Company has tailored the corporate strategy in order to return to normal operating results.
Mobile phone distribution, the Company has accelerated to decrease the inventory in order to be at an appropriate level for sales, as well as the Company has become a trade partner to sell SIM card together with AIS, the No. 1 network provider in Thailand, which started operations on the fourth quarter of 2018. The results of such cooperation, was quite well in terms of income and cooperation of working between Jaymart Group and AIS.
Personal loan business under the operations of J Fintech Company Limited, the Company realized of problems during the past year and resolved through readjustment of the loan applicant qualification to get better potential customers, as well as enhanced the effectiveness of debt collection with cooperation from JMT Network Services Public Company Limited, an associated company. Anyway, J Fintech Co., Ltd achievement has steadily increased and expected that the operating results could reach target by 2019.
2019, is considered the significant step of the Company and on occasion to enter the 30th anniversary of the establishment of the Jaymart Group. We greatly hope, this is another year to ensure the shareholders that the Company's development shall lead to sustainable business growth in the future. The Company remains determination to form the group of companies and create synergy altogether to grow the business as targeted.
Jaymart, on this occasion, would like to thank towards the shareholders, customers, trade partners, including the management and all staff of the Company for their cooperation and efficient work to continually grow of businesses. We assure that the businesses will be professionally conducted and continuously developed together with the implementation of Corporate Social Responsibility policies, and being positive model for society.