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VGI Global Media (SET:VGI) Shows Robust Q1 Revenue Growth in BTS, Office Tower Segments amid Economic Slowdown
BANGKOK, Aug 06, 2015 - (ACN Newswire) - VGI Global Media PCL, or VGI, Thailand's leading provider of lifestyle media solutions, announced a non-Modern Trade revenue figure of THB 499 million and a net profit figure of THB 240 million for the first quarter of 2015/16, and highlighted year-over-year 3% and 30% revenue rises in the BTS and office tower segments, respectively. The management stressed their commitment to continuing the negotiation efforts to secure new advertising space.
Mrs Suparanan Tanviruch, Chief Financial Officer of VGI, announced the company's operating results for the first quarter (1 April - 30 June) of 2015/16, highlighting an operating revenue (exclusive of revenue from Modern Trade Media) of THB 499 million, an increase by THB 13, or 3%, from THB 486 million in the previous quarter, and increased THB 23mn, or 5% year over year, from THB 476 million. Net profit margin increased from 34% to 44% due to the firm's decision to abandon the low-margin Modern Trade segment.
The BTS-related segment - revenue from advertising media and retail rental space at the BTS skytrain stations - remains VGI's core segment, continuing to be the reliable source of strong growths. The segment contributes 81% to VGI's total revenue.
The Office Building Media segment recorded a 30% year-over-year rise, thanks to a successful increase in the number of office building in its portfolio from 75 to 103 in late 2014, and price increases in early 2015.
Mr Marut Arthakaivalvatee, Executive Director and Chief Executive Officer, noted that VGI is seeking partners to expand its advertising media network. Most recently, he added, Midas Global Media, one of its affiliates, a top player in the LED screen industry, has installed LED screens at clock towers in 10 provincial city centres and started commercialising the advertising space there last month.
Contact:Investor Relations Department,
VGI Global Media PCL
Tel: +66 2273 8639; +66 2273 8623
E-mail: ir@vgi.co.th
Released for VGI Global Media PCL
by MasterMind Communications Co Ltd
Orn-arong ("Fah") Pattaravejkul
Tel: +66 2612 2081 #129
Mobile: +66 8 6884 4458
E-mail: orn_tabo@hotmail.com
Source: VGI Global Media PCL
Sectors: Daily Finance, Broadcast, Film & Sat
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