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
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. 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. Am...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....