News Feed Item

VGI Global Media (SET:VGI) Reports Impressive Q1 14/15 Results, up 33% QoQ

- Reflecting stronger client confidence
- Making Forbes Best Companies in Asia Ranking

Bangkok, Aug 6, 2014 - (ACN Newswire) - VGI Global Media PCL, or VGI, Thailand's leading provider of lifestyle media solutions, announced its Q1 (April-June) results for 2014/15, highlighting the revenue and net profit figures of THB 762 million and THB 257 million, respectively - a 19% and 33% rise from Q4 due to more advertising spending among clients and greater consumer confidence, which boosted advertising revenue from every media segment.

The company's management forecasts a recovery in the media industry in response to the coming installation of a new government and introduction of full-scale stimulus measures, and is confident the company's revenue growth will hit 13-17% this year.

Mrs Suparanan Tanviruch, Chief Financial Officer of VGI, disclosed the company's results for the first quarter (1 April to 30 June) of 2014/15. She highlighted an operating revenue figure of THB 762 million - which represents an quarter-over-quarter increase by THB 121, or 19%, from THB 641 million, or a year-over-year decrease by 10%, from THB 849 million, as well as a net profit figure of THB 257 million - which represents an quarter-over-quarter increase by THB 64 million, or 33% but decrease by 16% year-over-year.

The quarter-over-quarter improvement in revenue and net profit was contributing by increased in advertising income from all media segments which are BTS-related media, Modern Trade media and Office Building and other media. BTS-related media revenueboosted by the installation of new digital media in the BTS SkyTrain network, such as Platform Truss LED and 23 new 'E-Posters'.

The introduction of new digital media was well received among those customers who are seeking to create brand awareness among BTS commuters. The Modern Trade media recorded a remarkable quarterly growth due to the better consumer confidence and rising demand among FMCG (Fast-Moving Consumer Goods) for using advertising media as their marketing tools. And the expansion of Office Building media network, implemented last year, bore fruits this year.

The decline in year-over-year revenue was attributable to a political deadlock that began in November 2013 and affected advertising spending of all parties. However, VGI sees the political situation as bearing short-term impacts only, as it had improved since May.

"The overall advertising industry enjoyed more cash inflows over the later period of the first quarter," said Mrs Suparanan Tanviruch. "As Thailand's political climate became more favourable, businesses turned to buy media and conduct marketing campaigns to bring back consumer confidence. That helped in supporting satisfactory growth rates in revenue from the advertising media under our management.

"Our accounting year ends in March, which means that we still have three quarters to work on. We believe that advertising expenditure over the remaining three quarters will be greater, as the fact that the negative factors have been largely eliminated will allow us to earn more advertising revenue."

The Media Agency Association of Thailand, or MAAT, predicted a 5% growth rate in advertising expenditure of the industry and a 14% for the mass transit sector, and that an economic recovery would take place in the second half of this year, following an improvement of the situations and the State functioning normally again.

Mr Marut Arthakaivalvatee, VGI's Chief Executive Officer, noted, "My company was recently awarded as one of the best 200 companies in Asia with sales under a billion dollars (Asia's Best Under a Billion). This prestigious award recognized medium to small size company with robust corporate growths in terms of revenue and profit and with outstanding contributions to national economic growths.

"As part of VGI, I feel extremely proud of the company being officially acknowledged as being a small part in contributing to prosperity to the nation. This award will keep us in a cheerful working spirit and strongly determine to accomplish the goal that we have aimed for, just like the name of our company "VGI"; Very Good Indeed."

About VGI Global Media PCL

VGI Global Media Public Company Limited (SET:VGI) is Thailand's major provider of out-of-home media solutions, having more than 10,000 items of large still-image screens in the BTS skytrain network and large retail stores nationwide. It also has over 11,000 sq.m. of advertising space in the product display zones of large modern trade stores, as well as about 5,000 items of digital screens and media in the BTS platform and train areas, the Tesco Lotus, Big C, and Watson stores, and large office towers throughout Bangkok, and mega LED and outdoor led screens under its management. In addition, the company runs retail shops in 23 BTS stations and radio networks covering nearly 2,000 modern trade stores in Thailand. For more information, please see www.vgi.co.th.

Source: VGI Global Media PCL

Investor Relations Department
VGI Global Media PCL
Tel: +66-2-273-8639; +66-2-273-8636
E-mail: [email protected]

Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...