MCOT reports decline in deficit
MCOT Public Company Limited says during 2018 there was an 85 per cent decrease in deficits, while a plan to generate revenue from two properties around Rachada-Rama IX was implemented and revenue from project with government agencies increased 60 per cent.
Kematat Paladesh, president of MCOT, said last year’s revenue was Bt2.56 billion, a 6 per cent decrease compared to last year.
Total expenses amounted to Bt2.89 billion, a 48 per cent drop from last year, due to the impairment of the licences to operate two digital TV channels and broadcast network services valued at Bt2.08 billion. The company’s total expenses in 2018 were 17 per cent lower than in 2017. This resulted in a deficit of Bt378 million, or an 85 per cent decrease compared to last year.
In 2018, TV and radio remained the core businesses for MCOT which generated 30 per cent and 29 per cent of the total revenue respectively.
It said programming of 9 MCOT HD (30) is due be revamped in this March with premium programmes from BBC First and Discovery Science.
