Ms. Tamonwan Narintavanich, Acting CEO of Master Ad Public Company Limited or MACO, announced the overall performance of MACO in 3Q 2022/23, revealing unremitting positive results, as the Company recorded THB 667mn in total revenue, a 21.9% growth YoY, and THB 42mn net profit. This was driven by increased income from the installation and maintenance projects under its System Integration business, which was saw its revenue grew by 28.2% YoY to THB 567mn, and its advertising business, which brought in THB 100mn, thanks to the continuous recovery of the Thai economy throughout the second half of 2022, leading to the rise in advertising spend among brands and private enterprises.
“In 2022, the ASEAN economies were among the world’s top performers, and they are expected to continue to grow in 2023. The International Monetary Fund or IMF also projects the GDP growth rate of Thailand and Vietnam to reach 3.7% and 6.2%, respectively, in 2023, which will greatly benefit our Company. Given the strong performance across all of our business units, we believe we have now surpassed the lowest point, and we are confident that we will be able to generate even better results moving forward,” Ms. Narintavanich noted.
“Still, we shall continue to forge our advertising business ahead, while also exploring new high potential opportunities and expanding our strategic partnerships to further strengthen MACO’s position to deliver greater and sustainable returns to all of our stakeholders in the years to come,” Ms. Narintavanich, added.
