Welcome!

Microsoft Cloud Authors: David H Deans, Yeshim Deniz, Janakiram MSV, Andreas Grabner, Stackify Blog

News Feed Item

VGI Global Media Raises Revenue Growth Forecast to 30%

Reports utilization of proceeds from the IPO of THB 113 million on BTS Platform and Modern Trade Media

Bangkok, Apr 11, 2013 - (ACN Newswire) - VGI Global Media PLC (VGI), the leading lifestyle media provider listed on the Stock Exchange of Thailand (SET), has raised its top-line growth target in 2013/14 to 30%, up from the previous estimate of 15-20%, as a result of projections for strong performance in the various key revenue-generating segments - Mass Transit Media, Modern Trade Media and Office Building & Other Media. Further announcements were made on the utilization of proceeds from the IPO of THB 113 million on the BTS Platform Screen Doors (PSD), which serve safety purposes as well as generate revenue. Installation of PSD are now complete at Siam Station while works are in progress for similar installations at other stations, namely Asok, Chit Lom, and Sala Daeng.

Marut Arthakaivalvatee, Chief Executive Officer of VGI Global Media, stated that the annual operation result for 2012/13 (1 April 2012 to 31 March 2013) is on course with the target growth of 40% from the previous year. The revenue from the first 9 months was already THB 2,167 million and net profit was reported at THB 684 million. The strong growth was from the key revenue-generating segments - notably, Mass Transit Media, Modern Trade Media, and Office Building & Other Media as well as aggressive marketing plans in this year. VGI has adjusted next year's target (fiscal year 2013/14) to 30% growth from 2012/13, up from the previous estimation of 15%-20%.

"The annual target in the next financial year (1 April 2013 to 31 March 2014) will come from Mass Transit Media, Modern Trade, and Office Buildings & Other Media with a contribution of 20%, 40% and about 20%, respectively," Marut said.

Marut further revealed that VGI has completed the first phase of the ongoing project to install PSD at Siam Station by utilizing funds raised from the successful IPO in October last year. The Company spent approximately THB 113 million, in which THB 80 million was for the PSD and digital media on the screen doors at Siam Station as well as at Asok, Chit Lom, and Sala Daeng Stations. The safety of BTS passengers is a top priority; therefore, the Company will start installation in crowded stations in the Central Business District (CBD) first.

"VGI has given priority to install the Platform Screen Doors at the CBD stations in order to provide maximum safety for the large number of commuters using these busy stations. At the same time, the Company is also generating additional revenue estimated at about THB 36 million annually from digital advertisement screens adjacent to these new screen doors," Marut said. He went on to say, "Two other projects have also started. One is investment in Digital Media Network System and Static Media in BTS-related Media and Modern Trade Media, which required about THB 22 million, and the other project is a THB 10 million investment in Enterprise System Software Management and improvement in the IT network to support future business expansion."

Marut reassured VGI shareholders and investors that all proceeds from the IPO are being utilized in accordance with the stated objectives of enhancing the Company's business expansion and generating high returns to shareholders.

VGI's robust growth corresponds with Thailand's thriving advertising industry which is estimated to grow by 10% in 2013 to the aggregate value of about THB 140 billion. Compared to the total industry in 2012, the advertising segments in which VGI is a dominant player are still relatively small - 2.5% market share for Mass Transit Media (worth about THB 2.96 billion) and 2.3% market share for the Modern Trade Media (worth about THB 2.73 billion) - and therefore offer huge growth potentials in the future.

About VGI Global Media

VGI Global Media PLC (SET:VGI) is currently Thailand's leading out-of-home lifestyle media provider, managing static adverting media network on the BTS SkyTrain system and in large-format modern trade outlets across the country, with more than 10,000 displays, over 11,000 sq.m. of advertising area in Sales Floor areas in modern trade outlets, and digital advertising media network on BTS stations and trains, digital media in Tesco Lotus, Big C and Watsons stores and in office buildings across Bangkok with a total of 4,600 screens. VGI also manages merchandising space on 23 BTS stations and manages in-store radio media network in modern trade outlets of about 1,700 branches nationwide. For more information, please see www.vgi.co.th.

Source: VGI Global Media

Contact:
VGI Global Media PLC
Investor Relations Department
Tel. +66-2273-8611 ext. 1528, 1539
E-mail: [email protected]

Master Mind Communications Co, Ltd.
Public Relations Department
Orn-anong "Fah" Pattaravejkul
Tel: +66-2612-2081 ext. 129
Mobile: +66-8-6884-4458
E-mail: [email protected]




Copyright 2013 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.