2023-05-26 06:31:32
Mr. Nelson Leung, President of VGI Public Company Limited (VGI), said that the operating results for the year 2023/2024, the company has set a revenue target of 6,000-6,500 million baht, an increase of 20- 30% and net profit more than 10% compared to the previous year. Because the direction of the Thai economy in 2023 is expected to grow at 3.6%, an increase from the previous year’s growth of 2.6%, driven by private consumption. consumer confidence and the tourism sector
VGI announced its 2012/2023 performance with revenue of 4,889 million baht, an increase of 16.6% YoY, driven by a recovery in OOH media and strong growth in the digital services business. Invested in joint ventures and associated companies in the amount of 438 million baht due to the slowdown in the performance of the logistics business. As a result, the company VGI had a net loss of 65 million baht. Excluding the loss from such investment, VGI would have a net profit of 373 million baht.
Business overview in 2012/2023, the company continues to benefit from good response from brands and marketers interested in out-of-home packages. As a result, the media business generated revenue of 1,938 million baht, an increase of 22.6% YoY, which VGI has consistently delivered effective campaigns through a variety of media networks. Whether it’s digital out-of-home (DOOH) media, train media. The media continues to attract the attention of world-class brands such as Versace, Chanel and Yves Saint Laurent, among others, and has announced collaborations with many entertainment business partners. In addition, VGI has launched the first Pilot Campaign Programmatic Digital OOH (pDOOH) on the BTS SkyTrain network. to create solutions that meet the needs of brands and advertisers in a wider variety
The digital service business recorded a revenue of 1,440 million baht, an increase of 30.9% YoY, mainly from the growth of commission income from insurance business and higher lead generation. This is in line with the expansion of InsurTech and FinTech businesses. transaction fee and income from project management as well
The distribution business has revenue of 1,512 million baht. Currently, NINE, a subsidiary of VGI, has rebranded to Super Turtle Public Company Limited (Super Turtle) to operate retail business and manage rental space. Commercial on 31 BTS stations. Fanslink Communication Co., Ltd. manages all 2 brands of its own, consisting of PANDO and WANAA, which are available both offline and online.
By InfoQuest News Agency (26 May ’23)
Tags: VGI, VGI, Thai stocks, Nelson Leung
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