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RS on course to meet Bt4.2bn revenue target this year

Nov 27. 2020
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By The Nation

SET-listed RS Plc has maintained its revenue target of Bt10 billion in 2024, said the entertainment company’s chief financial officer Wittawat Wetchabutsakorn.

He added that the company also expects to meet this year’s revenue target of Bt4.2 billion.

RS's businesses next year are expected to continue to grow thanks to the continued launch of new products to tap the market, he said.

RS is banking on the synergy of its e-commerce and entertainment businesses in what it calls "Entertainmerce" to expand its business. It also aims to move into the petfood industry early next year.

Meanwhile its Channel 8 digital TV operation plans to boost content by launching an additional 10 programmes every year.

RS revenue from sales and services for the third quarter this year was Bt938.4 million, up 6 per cent year on year.

Third-quarter revenue from its e-commerce business was Bt643.6 million, up 45.4 per cent year on year and the highest since its launch in 2015.

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