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Monday, March 02, 2009

MATICHON: PROFITS DOWN 25%

Matichon Public Company Limited (MATI) recorded a 25.44% decline in profits for 2008 according to data released to the Stock Exchange of Thailand on Friday.
In the year ending December 31,2008 the Thai language newspaper, magazine and book publisher generated net profits of 143.99 million baht, a year-on-year reduction of 49.14 million baht. Publications produced include the Matichon and Khao Sod newspapers.
The company attributed the decline to "slowing economic activities and advertising" although added revenues from circulation remained the same.
More details can be found here.

Posted by (c) 2016 Written by Andrew Batt

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(c) The Bangkok Bugle 2006 - 2015. Email me at bkkandy AT myway.com for information.