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Friday, 3 February 2017, 13:50 HKT/SGT
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Source: VGI Global Media PCL
VGI Global Media (SET:VGI) Declares Interim Dividends at THB 0.035/Share
Forecasts Handsome FY2017 Revenue after Launching Biz Expansion Platform

BANGKOK, Feb 3, 2017 - (ACN Newswire) - VGI Global Media PCL (SET:VGI), or VGI's board declared interim dividends at THB 0.035 per share (approx THB 240mn in aggregate) to preserve investors' confidence amid a q-o-q slowdown in Q3 of FY2016/17 (Oct-Dec'16) due to reduced advertising spending during the 30-day national mourning period and investment expenditure to bolster regional growths. They are confident that successful construction of the 'Data Centric Media Hypermarket' platform will bring in substantial revenue in FY2017.

Mr Surachet Bumrongsuk, Chief Executive Officer of VGI Global Media PCL, or VGI, a data centric media hypermarket, revealed the decision adopted at the 1 Feb 2017 board meeting to declare interim dividends at THB 0.035 per share (approx THB 240m in aggregate), with 10 Feb as the XD date, 15 Feb as the record date and 27 Feb as the payment date.

For the 9-month results of FY2016/17 (Apr-Dec'16), VGI recorded THB 1,935mn in total revenue, a 20% y-o-y rise, driven largely by the revenue earned following acquisition of equity shares in MACO, and THB 635mn in net profit, down 13% y-o-y, due to a 12% drop in advertising spending in the industry in 2016, the sharpest decline of adspend in nearly ten years. Also contributing to the result was the increased one-time expenditure of several M&A and business development to expand advertising media business, including investment in Titanium Compass Sdn Bhd, holder of a 10-year license to manage advertising platforms on a new MRT line in Malaysia, which is expected to become fully operational by mid-2017, as part of VGI's efforts to grow in other Asean markets.

"Amid the slowdown in the advertising media industry during the national mourning period, and despite the investment expenditure incurred to enhance VGI's opportunities both locally and internationally, we decided to pay dividends to the shareholders regularly to maintain investors' confidence," he said.

The CEO added that the investments made over the recent period will strengthen VGI's position as a "Data Centric Media Hypermarket" with a capability to obtain consumer behaviour data for analysis and planning, including selection of media platforms (at BTS skytrains and stations, office building, LEDs in condominiums, billboards in Bangkok and the provinces, media in airport as well as activation media) to ensure better focus on target audience and efficient ad performance. He saw that VGI will earn significant revenue in FY2017/18, with a continued healthy growth in the out-of-home (or OOH) media segment that will enable VGI to achieve satisfactory performances in the year.


About VGI Global Media PCL

VGI Global Media PCL (SET:VGI) is Thailand's major provider of out-of-home media solutions, having more than 10,000 items of large still-image screens in the BTS skytrain network and large retail stores nationwide. It also has over 11,000 sq.m. of advertising space in the product display zones of large modern trade stores, as well as about 5,000 items of digital screens and media in the BTS platform and train areas, the Tesco Lotus, Big C, and Watson stores, and large office towers throughout Bangkok, and mega LED and outdoor led screens under its management. In addition, the company runs retail shops in 23 BTS stations and radio networks covering nearly 2,000 modern trade stores in Thailand. For more information, please see www.vgi.co.th.

Contact:
Investor Relations Department
VGI Global Media PCL
Tel: +66 2273 8639; +66 2273 8623   
E-mail: ir@vgi.co.th    
www.vgi.co.th

Released for VGI Global Media PCL
by Public Relations Department, 
MT Multimedia Co Ltd
Contact: Orn-arong ("Fah") Pattaravejkul
Tel: +66 2612 2081 #129 
Mobile: +66 8 6884 4458
E-mail: orn_tabo@hotmail.com 


Feb 3, 2017 13:50 HKT/SGT
Source: VGI Global Media PCL

Topic: Earnings
Sectors: Daily Finance, Broadcast, Daily News
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