MACO Reports Robust Growth in 1Q 2023/24, Achieving THB 620mn in Total Revenue and THB 42mn Net Profit

Master Ad Public Company Limited or MACO got off to a great start in 2023 after its strategic transformation to become a leading tech company. Attesting to its successful transition, the Company witnessed an 8.3% growth YoY in total revenue in 1Q 2023/24, amounting to THB 620 mn, alongside a net profit of THB 42 mn. This achievement was also a result of the domestic and global economic recovery, contributing to the strong performance of its System Integration business, which saw its revenue rose by 6.5% YoY to THB 519mn mainly from installation and maintenance projects. Meanwhile, its Advertising business brought in an additional THB 101mn in total revenue, an 18.3% growth YoY, thanks to the increase of static media production. Moreover, on 10 August 2023, MACO announced Mr. Weng Sam Lam as its new CEO.

Commencing his role, Mr. Weng Sam Lam, said, “In the past couple of years, MACO has undergone a strategic restructuring, turning to System Integration as our primary revenue source. Accordingly, we have redirected our efforts to establish ourselves as the leading provider of communication, digital advertising, and media solutions in Thailand, Hong Kong, and the Southeast Asian region. For the remaining quarters of 2023, we intend to expand our System Integration business in both Thailand and Hong Kong as well as go full speed ahead with our R&D to improve our products and services, alongside building new innovative platforms to be introduced to the market in the coming future.”

Further expressing his confidence in the Company’s leadership, the newly appointed CEO, added, “We are confident that our management team, with their expertise in technology solutions, will be the cornerstone of our constant ability to surmount any challenge and offer sustainable returns to all stakeholders.”