Post by account_disabled on Dec 30, 2023 7:21:34 GMT 1
Breaking the record for "revenue - profit" soaring to an all-time high VGI Public Company Limited or VGI ("VGI"), the leader in Offline-to-Online ("O2O") marketing solutions on the advertising media business platform. Payment service business and logistics business Revealing another incredible success By pushing for revenue in the second quarter of 2019/20 to reach 1,668 million baht, an increase of 36.5%, with net profit increasing to a record high of 36.6%, valued at 355 million baht. This growth was mainly due to Consolidated financial statements of Overseas advertising media business managed through Puncak Berlian Sdn. Bhd., including the consolidation of the full quarterly financial statements of the Trans.Ad Group by Master Ad Public Company Limited ("MACO").
In addition, VGI Digital Lab, a new business C Level Executive List unit Provide online marketing services Has started generating satisfactory income from good response in the market. Mr. Nelson Leung, President of VGI Public Company Limited, said that in the second quarter of 2019/20, the out-of-home advertising media business had revenue of 1,048 million baht, an increase of 13.8% compared to the same period. of the previous year As for the increase in out-of-home advertising media revenue, Received benefits from the first consolidation of financial statements in the area of overseas advertising media. However, the advertising media business in Thailand is affected by the low season. together with the improvement of advertising media in many places causing the rate of use of advertising media in electric trains and office media grew less than expected. For the digital services business, revenue was 620 million baht, a significant increase of 105.9% compared to the same period last year.
This growth is a result of the recognition of income from VGI Digital Lab, as well as an increase in income from Rabbit Group, which comes from income from project management fees and income from lead generation. Digital also benefits from the consolidation of Trans Group's financial statements. Admin is also managed by MACO. As for the operational direction and important developments of the group of companies, they are as follows. Advertising media business: The Board of Directors of MACO, a subsidiary of VGI, approved the investment of 50% in Hallo Bangkok LED Company Limited and the offering of 1,080 million additional shares (Private Placement) at a price of 1.44 baht per share to Pae Company. PlanB Media Public Company Limited ("PlanB"). Once the said transaction is completed, MACO will move forward with aggressive expansion of growth abroad. For the domestic advertising media business, MACO will grant PlanB the right to manage all sales and media management.
In addition, VGI Digital Lab, a new business C Level Executive List unit Provide online marketing services Has started generating satisfactory income from good response in the market. Mr. Nelson Leung, President of VGI Public Company Limited, said that in the second quarter of 2019/20, the out-of-home advertising media business had revenue of 1,048 million baht, an increase of 13.8% compared to the same period. of the previous year As for the increase in out-of-home advertising media revenue, Received benefits from the first consolidation of financial statements in the area of overseas advertising media. However, the advertising media business in Thailand is affected by the low season. together with the improvement of advertising media in many places causing the rate of use of advertising media in electric trains and office media grew less than expected. For the digital services business, revenue was 620 million baht, a significant increase of 105.9% compared to the same period last year.
This growth is a result of the recognition of income from VGI Digital Lab, as well as an increase in income from Rabbit Group, which comes from income from project management fees and income from lead generation. Digital also benefits from the consolidation of Trans Group's financial statements. Admin is also managed by MACO. As for the operational direction and important developments of the group of companies, they are as follows. Advertising media business: The Board of Directors of MACO, a subsidiary of VGI, approved the investment of 50% in Hallo Bangkok LED Company Limited and the offering of 1,080 million additional shares (Private Placement) at a price of 1.44 baht per share to Pae Company. PlanB Media Public Company Limited ("PlanB"). Once the said transaction is completed, MACO will move forward with aggressive expansion of growth abroad. For the domestic advertising media business, MACO will grant PlanB the right to manage all sales and media management.