Advertising firm reports profits

Breaking News February 21, 2019 20:33

By The Nation

MACO has reported revenue growth of Bt1.74 billion, resulting in a net profit of Bt273 million.

YoY, the income and net profit increased to 86.8 per cent and 23.4 per cent respectively, the firm said. 

It said this resulted from the aggressive expansion the advertising network to cover all over the country and enter the strategic investment by joining with potential alliances in order to build up the business base, preparing to expand the advertising business to Asean according to the planned strategy.

Phoon Chong Kit, CEO of Master Ad Co Ltd, an outdoor advertising group, said it was investing in the Advertising Media Business in Malaysia (VGM) and to join with Sinarmas Group, an alliance from Indonesia. 

MACO has been granted permission to re-design street furniture adverts, around sky train stations and flyover bridges.

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