BTS posts 240% profits risen
BTS Group Holdings Plc has said its operating revenue has risen by 240 per cent to Bt47.92 billion and recurring net profit rises 30 per cent YoY to Bt3.24 billion.
The results were a testament of the rapid progress BTS has made on the development of the rail transit lines and the continued innovation of its media, the firm said.
The company added that with these results, BTS Group continues to “surpass expectations” referring to the company’s five-year guidance of net recurring profit to grow 25 per cent per annum on average. The growth trajectory is expected to continue as “next year, we are operating EBITDA growth of 25 per cent.
The media business also delivered a formidable set of results.
VGI Global Media revenue reached an all-time high of Bt5.15 billion, increasing 31 per cent YoY and net profit followed suit rising 30.1 per cent YoY to Bt1.1 billion.