MCOT Reports an Increasing Net Loss of ฿457mn and Abstains from Paying Dividend

Mcot Public Company Limited (MCOT) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

MCOT reported a net loss of 457.47 million baht increased by 21.76% due to a record of deferred tax of 537 million baht. In 2019, MCOT’s overall revenue was amounted to 2,968 million baht, a 16% increase from 2018, partly due to reversal of loss on impairment of the licenses to operate digital terrestrial TV channels after the Solution for Television and Telecommunication Industries No. 4/2019 and the Notification on Criteria, Measures and Conditions on Compensation for Returning Digital Terrestrial Television Channel Operation Licenses of the National Broadcast and Telecommunication Commission. As a result, MCOT has returned the license to operate MCOT Family and waived payment of remaining license fee for 9 MCOT HD. While the revenue from MCOT’s traditional media business including TV and radio decreased 9%, compared to the last year.