VGI Global Media Public Company Limited Reports Unaudited Consolidated and Company Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Reiterates Revenue Guidance for the Year 2017/2018
For the quarter, on company basis, the company reported service income of THB 587,652,000 against THB 528,629,000 a year ago. Total revenues were THB 666,115,000 against THB 558,576,000 a year ago. Profit before finance cost and income tax expenses were THB 332,888,000 against THB 264,844,000 a year ago. Profit before income tax expenses was THB 313,411,000 against THB 261,343,000 a year ago. Profit for the year was THB 256,326,000 against THB 212,872,000 a year ago. Profit attributable to equity holders of the company was THB 256,326,000 or THB 0.04 per basic share against THB 212,872,000 or THB 0.03 per basic share a year ago.
For the six months, on consolidated basis, the company reported service income of THB 1,821,061,000 against THB 1,410,370,000 a year ago. Total revenues were THB 1,867,854,000 against THB 1,662,503,000 a year ago. Profit before finance cost and income tax expenses were THB 583,915,000 against THB 606,754,000 a year ago. Profit before income tax expenses was THB 535,804,000 against THB 595,710,000 a year ago. Profit for the year was THB 397,904,000 against THB 471,534,000 a year ago. Profit attributable to equity holders of the company was THB 376,917,000 or THB 0.05 per basic share against THB 507,242,000 or THB 0.07 per basic share a year ago. Net cash flows from operating activities were THB 529,945,000 against THB 419,538,000 a year ago. Acquisition of equipment was THB 244,958,000 against THB 60,726,000 a year ago. Acquisition of intangible assets was THB 20,058,000 against THB 26,673,000 a year ago.
For the six months, on company basis, the company reported service income of THB 1,129,565,000 against THB 1,007,043,000 a year ago. Total revenues were THB 1,227,517,000 against THB 1,064,213,000 a year ago. Profit before finance cost and income tax expenses were THB 583,020,000 against THB 465,041,000 a year ago. Profit before income tax expenses was THB 543,179,000 against THB 459,561,000 a year ago. Profit for the year was THB 442,882,000 against THB 348,181,000 a year ago. Profit attributable to equity holders of the company was THB 442,882,000 or THB 0.06 per basic share against THB 348,181,000 or THB 0.05 per basic share a year ago. Net cash flows from operating activities were THB 580,140,000 against THB 469,661,000 a year ago. Acquisition of equipment was THB 13,798,000 against THB 42,857,000 a year ago. Acquisition of intangible assets was THB 830,000 against THB 1,145,000 a year ago.
The company expects that the advertising segment will rebound after the mourning period as well as the expected boost from spending leading up to the elections slated in 2018. For 2017/18 as a whole, the company reiterated revenue forecast for the group at THB 4,000 million.