By The Nation
MCOT Public Company Limited (MCOT ) has narrowed its first-quarter loss by 71 per cent year on year, with TV remaining the company’s major source of revenue.
Its three radio stations generated higher revenue in first quarter, compared with the year-earlier quarter. With the return of its Family channel (14), MCOT will add new programmes on its 9 MCOT HD (30) and revise news programme presentation. In addition, various content will be made available on podcast platforms.
President Kematat Paladesh, disclosed that for the quarter to March 31, MCOT posted a loss of of Bt32 million - a 71 per cent reduction compared to the same period last year - due to effective expense management.
Total revenue amounted to Bt594 million, a 6 per cent increase from the same period last year, due to increased revenue from TV and BNO. However, in comparison with the final quarter of 2018, total revenue in the quarter decreased 20 per cent, partly due to the fact that MCOT was able to generate record revenue in the last three months of 2018.
In the quarter, TV and radio remained its core businesses, accounting for 29 and 28 per cent of the company’s total revenue respectively. Broadcast Network Operation (BNO) service, joint operations, digital media (online media and MCOT satellite network) and others contributed 20 per cent , 20 per cent, 2 per cent and 1 per cent, respectively.
In the first quarter , TV revenue amounted to Bt175 million, a 16 per cent increase compared to the same period last year.
9 MCOT HD remained the major source of TV revenue while revenue from special projects in collaboration with the government, state enterprises and private sectors also increased.
The channel will broadcast new foreign edutainment programmes including drama and documentaries as well as local family-friendly contents.
Revenue of MCOT’s radio business in the quarter amounted to Bt164 million, a 0.2 per cent drop from the same period last year.
Revenues from radio comprised central radio (74 per cent) and regional radio (26 per cent). FM 107 MHz, FM 97.5 MHz Mellow and FM 96.5 MHz were the stations posting revenue increases from the first quarter of 2018.
SINGHA ESTATE SPIN-OFF
Singha Estate (Public Company Limited) plans to spin off the company’s hospitality business, |S Hotels & Resorts. The deal is expected to increase “the fit and focus and strategic flexibility for hotel investment and management in response to the growing tourism industry worldwide”, the company says.
The move will also highlight the company’s vision towards becoming a global holding company.
Naris Cheyklin, chief executive officer of Singha Estate PCL said that Singha Estate invests|through three core businesses: commercial and retail, residential, and hospitality.
“2019 is an important year for Singha Estate as it is the year we can recognise the revenues from our investment and our own project development in the previous years, while delivering our performance as planned.