MACO revealed 2019 Financial Statement with total income reaching M 2,954 Baht.Announced the Company will head towards expansion of foreign market at full strength

MACO  announced  the performance of 2019, pushing the total income growth at 74.2% or M 2,954 Baht,  with net profit at M 161 Baht resulting from the increasing of 28.9% or M 1,358 Baht and the income from system integration service increasing of 148.5% or 1,596 Baht including the continual development of income  of the media service business abroad, emphasizing on the success of business network expansion strategy for the growth in international market. 

 

 

Mr. Phoon Chiong Kit, CEO of Master AD Public Co., Ltd. or MACO, leader of Outdoor Media Network showed that this year the Company has continually increased income developing  from the performance YoY whereas  the proportion of income is divided into : local advertising media at 35.3% or M1,042 Baht, from  advertising media abroad at 10.7% or M316 Baht and from the system integration service at 54.0% or M1,596 Baht  whereas most of the growth derived from the full year consolidation of Financial statement  of system integration service business of Trans.Ad Group and the consolidated financial Statement  with Advertising business between the countries during the past 5 months  through the management of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”) starting in last August.

 

In 2019, MACO announced the accomplishment from the expansion the network to marketing abroad strategy whereas the Company started from the establishing foundation for the growth of business in Malaysia  and Indonesia  from which the income developing is increasing continually and in the past August,  the Company increased the investment of 40.0% in Puncak Berlian Sdn. Bhd. (“PBSB”). This increasing of proportion will result in the selling capacity of the Company through the Advertising media network of PBSB, it can develop the marketing channel abroad even more effectively. Furthermore, in the past April 2019, PT Avabanindo Perkasa (“Otego”) in which MACO invested in Indonesia has completely started the services of Advertising media in MRT Jakarta. And the latest, the Company also proceeded expand the business to Vietnamese market which is the fastest growth market in South East Asia through the investment of 25.0% in VGI Vietnam Joint Stock Company (“VGI  Vietnam”) , the Outdoor Media Advertising  in Vietnam,  having network all over the  country.  This business transaction is expected to complete by March 2020 as well.

 

 

For the business development, the Company has stabilized the local business by empowering the media management to Plan B Media Public Co., Ltd. (PLANB), the leader of outdoor media advertising while they will enable monitoring potentiality of media advertising to expand the services more efficiently and widely and help the Company to fully focus in the international level from the aforementioned working direction, the Company will announce the target of the income figures of this year within April 2020.
 

The next step of MACO, the Company will focus on strength building as well as pushing the business group to grow in the market abroad thoroughly which we have confidence in Management Team, staff of Company’s Group and the alliances with high potentiality will boost up capacity level of the Company and lead MACO to the sustainable and borderless growth onwards.  The CEO cited.
 

On 11 February 2020, the Company Directors have reached the resolution to approve the dividend payment from the performance during the second half of 2019 for the shareholders holding not exceeding M 86.59 Baht in total at the rate of 0.016 Baht per share to the shareholder list to receive dividend on 20 March 2020 (Record Date) and interim payment date will be on 15 May 2020 (This dividend payment shall be approved from the resolution of the Annual General Shareholders Meeting  which will be held on 29 April 2020).
 

 

For the business development, the Company has stabilized the local business by empowering the media management to Plan B Media Public Co., Ltd. (PLANB), the leader of outdoor media advertising while they will enable monitoring potentiality of media advertising to expand the services more efficiently and widely and help the Company to fully focus in the international level from the aforementioned working direction, the Company will announce the target of the income figures of this year within April 2020.

The next step of MACO, the Company will focus on strength building as well as pushing the business group to grow in the market abroad thoroughly which we have confidence in Management Team, staff of Company’s Group and the alliances with high potentiality will boost up capacity level of the Company and lead MACO to the sustainable and borderless growth onwards.  The CEO cited.

On 11 February 2020, the Company Directors have reached the resolution to approve the dividend payment from the performance during the second half of 2019 for the shareholders holding not exceeding M 86.59 Baht in total at the rate of 0.016 Baht per share to the shareholder list to receive dividend on 20 March 2020 (Record Date) and interim payment date will be on 15 May 2020 (This dividend payment shall be approved from the resolution of the Annual General Shareholders Meeting  which will be held on 29 April 2020).