Online-shopping
Boosted by the increasing popularity of online shopping, TV Direct home-shopping TV station said its third-quarter revenue rose by 25 per cent to Bt913.3 million, thanks to the expansion of sales from the Internet in line with improvements to its product-distribution service.
Out-of-home media business appears to see growth mainly thanks to acquisitions and new product developments. Plan B Media posted a 14.3-per-cent rise to Bt657 million in revenue in the July-to-September period, while VGI Global Media showed a 33-per-cent increase to Bt531 million.
However, another key player, Master Ad, revealed that its sales had declined. Its revenue grew by only 0.1 per cent to Bt172 million.
Some groups sought different strategies to combat losses.
Amarin Printing and Publishing and Matichon Publishing adjusted their businesses to offset difficulties.
After placing more emphasis on holistic media and content solutions, Amarin Printing and Publishing saw a 2.46-per-cent revenue increase to Bt492 million, mainly driven by printing, fair and television business. Matichon Publishing tried to find an opportunity in the digital-media business to alleviate its net loss in the third quarter.
GMM Grammy revealed a strong recovery in its third-quarter operating results, showing a strong recovery in a reported net loss of Bt11 million, lower by 92 per cent year on year. It said the net loss was mainly caused by investment in digital TV and satellite-TV set-top boxes.
Boosaba Daorueng, group chief executive officer of the company, said that operating revenues also increased by 0.7 per cent from the same period last year, partly driven by its two digital TV stations.
However, some media companies underperformed as a result of the economic downturn, which affected advertising revenue.
BEC World’s net profit slid by 45.8 per cent to Bt251.1 million mainly because of fewer minutes sold for daytime shows at its main station Channel 3. MCOT’s revenue also fell by 36 per cent to Bt660 million. Post Publishing declared a net loss of Bt7 million while its consolidated sales and service income decreased by 15.1 per cent to Bt440 million.