Master Ad Public Company Limited or MACO sailed through the COVID-19 storm, announcing a solid performance for 2021/22 with 25.7% growth YoY, recording THB 2,135mn in total revenue and THB 34mn in net profit. This is mainly a result of installation and maintenance projects of its System Integration business, which was saw its revenue grew by 27.1% YoY to THB 1,799mn, and the growth of its advertising business, which grew by 18.7% YoY, brining in THB 336mn in total revenue. 
 


 
Miss Tamonwan Narintavanich, Acting Chief Executive Officer of MACO, said, “Over the past two years, economies across the globe have suffered from the impact of the COVID-19 pandemic, with lockdown and isolation measures putting daily activities and many businesses to a halt. MACO was no different. Having suffered huge loss, we had to decide to scale down our Out-of-Home (“OOH”) media operations in Thailand and the ASEAN market by selling our domestic static and digital billboard assets and 75% of our shares in VGI Global Media (Malaysia) Sdn. Bhd. (“VGIM”) and 100% of our shares in Trans.Ad Malaysia Sdn. Bhd (“TAM”), ceasing both companies’ status as MACO’s subsidiaries as of 1 April 2022. Nevertheless, we have retained and continued to expand our Street Furniture media in Thailand, a key asset which we own and has a high growth potential given the expansion of the new BTS lines. Our presence has also remained strong in high growth potential markets like Vietnam and Singapore; while we continue to strengthen our System Integration Business. Accordingly, our remaining businesses include Street Furniture media under our Advertising segment and System Integration.”

“Our strategic direction moving forward will focus on transitioning and expanding into the new economy business to respond to the digitalisation trend; while we will also continue to explore new opportunities to strengthen our company. Moreover, thanks to the confidence of our shareholders who have positively responded to our rights offering (RO), we have managed to secure capital gains to bolster our financial position and liquidity, which in turn will allow us to seize new opportunites to keep pace with businesses of the future. With the transformation of our business trajectory and our financial prudence, we are confident we will be able tackle any future challenge and harness opportunities arising from our structural change to forge ahead with our new strategic direction,” Miss Narintavanich added.  

MACO’s Board of Directors has approved the Annual General Meeting of Shareholders for 2022 to consider the issuance of Warrants to Purchase Newly Issued Ordinary Shares No. 4 (MACO-W4) in an amount not exceeding 2,029,493,030 units at no cost to existing shareholders in propotion to their respective shareholdings (Rights Offering), at the allocation ratio of 4 existing ordinary shares to 1 unit of the MACO-WA Warrrants.