Thursday, November 14, 2019

MCOT posts 257% surge in profit for second quarter of 2019

Aug 14. 2019
Kematat Paladesh, president of MCOT Plc
Kematat Paladesh, president of MCOT Plc
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By THE NATION

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MCOT Public Company Limited has boosted profit by 257 per cent in the second quarter of 2019 compared with the same period last year. It booked net earnings of Bt287 million.

TV and radio remain the core business. Revenue from almost all central radio stations increased compared to the previous quarter. The company plans to broadcast new quality content in the third quarter of the year, with the aim to increase ratings after the return of the licence to operate the MCOT Family 14 channel.

Kematat Paladesh, president of MCOT Plc, said profit for the first half of the year came to Bt255 million, an increase of 187 per cent compared with the same period of last year, due to revenue recognition from the order of the chief of National Council for Peace and Order on the Solution for Television and Telecommunications Industries No. 4/2019 given on April 11 and the offer in May allowing operators to return their digital terrestrial channel licences to the National Broadcasting and Telecommunication Commission (NBTC).

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