BEC Posts a Net Loss of ฿275mn from a Lower Advertising Income and Covid-19 Effect

BEC World Public Company Limited (BEC) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows; 

BEC reported a net loss of 275 million baht in 1Q20, increased 115% when compared to a net loss of 128 million baht in 1Q19 mainly due to the lower advertising income.

 

The lower advertising were affected by the lower advertising minutes sold from high competition and the outbreak of covid-19, as well as a decline in organizing concerts and shows income due to covid-19 causing the postponement or cancellation of various concerts/shows.