VGI Global Media Public Company Limited Reports Company and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 28, 2015 at 11:14 pm IST
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VGI Global Media Public Company Limited reported company and consolidated earnings results for the third quarter and nine months ended December 31, 2014. On consolidated basis, for the quarter, the group reported net profit of THB 300,840,000 or THB 0.09 per share against net profit of THB 317,281,000 or THB 0.09 per share reported for the same period a year ago. Revenue from services decreased 2.0% year on year from THB 805.5 million to THB 789.4 million. The decrease was mainly due to declining revenue from Modern Trade media as a result of the economic slowdown as well as the decline in sales from Tesco Lotus sales floor media since October 2014 (in anticipation of the contact termination in February 2015). Nevertheless, BTS-related media continued to perform well despite the overall media industry decline, showing a 12.1% year on year growth from new digital media on BTS stations and an increase in train's capacity (additional five-4 car trains) from the same period last year. Return on equity was 62% against 46.6% a year ago. Return on assets was 41.9% against 30.2% a year ago.
On consolidated basis, for the nine months, the group reported net profit of THB 822,537,000 or THB 0.24 per share against net profit of THB 952,897,000 or THB 0.28 per share reported for the same period a year ago.
On company basis, for the quarter, the company reported net profit of THB 271,959,000 or THB 0.08 per share against net profit of THB 379,757,000 or THB 0.11 per share reported for the same period a year ago.
On company basis, for the nine months, the company reported net profit of THB 833,606,000 or THB 0.24 per share against net profit of THB 992,997,000 or THB 0.29 per share reported for the same period a year ago.
VGI Public Company Limited is a Thailand-based company, which is engaged in designing solutions to meet the demands of advertisers and brands and create experiences for consumers through its ecosystem, spanning across advertising, digital services, and distribution businesses. Its Transit segment is engaged in the provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Its Digital service segment is involved in the provision of online advertising, data management, electronic payment services and other finance services such as insurance brokers and digital loans. Its Distribution segment is engaged in the provision of the sale and distribution of technology products from China, including original equipment manufacturer (OEM) products. Its Other segment is involved in the provision of advertising services in office buildings, and others. It is engaged in offline-to-online (O2O) solutions.
VGI Global Media Public Company Limited Reports Company and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
VGI 
