Welcome!

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

Contact:
Investor Relations Department
VGI Global Media PCL
Tel: +66-2-273-8639; +66-2-273-8636
E-mail: [email protected]
www.vgi.co.th




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
By 2021, 500 million sensors are set to be deployed worldwide, nearly 40x as many as exist today. In order to scale fast and keep pace with industry growth, the team at Unacast turned to the public cloud to build the world's largest location data platform with optimal scalability, minimal DevOps, and maximum flexibility. Drawing from his experience with the Google Cloud Platform, VP of Engineering Andreas Heim will speak to the architecture of Unacast's platform and developer-focused processes.
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Serveless Architectures brings the ability to independently scale, deploy and heal based on workloads and move away from monolithic designs. From the front-end, middle-ware and back-end layers, serverless workloads potentially have a larger security risk surface due to the many moving pieces. This talk will focus on key areas to consider for securing end to end, from dev to prod. We will discuss patterns for end to end TLS, session management, scaling to absorb attacks and mitigation techniques.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
The vast majority of businesses now use cloud services, yet many still struggle with realizing the full potential of their IT investments. In particular, small and medium-sized businesses (SMBs) lack the internal IT staff and expertise to fully move to and manage workloads in public cloud environments. Speaker Todd Schwartz will help session attendees better navigate the complex cloud market and maximize their technical investments. The SkyKick co-founder and co-CEO will share the biggest challe...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...