, PBSB is now a subsidiary of MACO, and the consolidation of its financial performance has also begun in this quarter. INDONESIA – GENERATING PROFIT SINCE THE FIRST COMMERCIALISATION IN APRIL 2019
. The growth in this business unit was mainly driven by full-quarter consolidation of International Advertising operated by VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started in July 2019
resulted from the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited, collectively called “Trans.Ad Group”, which was acquired in August 2018. Cost of sales increased by 318.9
creating brand awareness to an extensive reach. Over the last few years, the outdoor media segment has witnessed the consolidation into a few well-resourced media operators in order to increase
consolidation of Rabbit Group under the common control basis. 1Adjusted for share of investment in JV and associates before tax. 2As shown in financial statement, excluding minority interest. 3Net profit excluded
2017/18. The increase was mainly driven by encouraging growth in the Out-of-Home media sector as well as the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited
year. The growth drivers are including of; 1) The consolidation of outdoor media operators, namely in Multi Sign and COMASS, which started in October 2016 and July 2017, respectively. The acquisition has
ongoing revenue recognition of 35 digital billboards, which was rolled out in July 2017 and the full-year consolidation of Co-Mass, which was acquired in June 2017. In this quarter, Billboard media1
revenue was THB 47mn. In this quarter, MACO recognised the full-quarter consolidation of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started since July 2019. However, the operation in Malaysia and
the consolidation of Rabbit Group under the common control basis. 1Adjusted for gain of fair value measurement in MACO at acquisition date, share of investment in JV and associates and non-recurring