MONO Reports a Net Loss of ฿95m in 2Q2019 from Decreasing in Subscription Revenues

MONO Technology Public Company Limited (MONO) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

MONO has recorded a net loss of 2Q2019 at THB 95.21 million. The operating results for the second quarter of 2019 showed that EBITDA of MONO increased by 2.76% and net loss decreased by 15.26% compared to the first quarter. The major factor of this was the increase in advertising revenues.
The revenues from mobile value-added services in the second quarter were THB 22.93 million, decreasing by THB 61.20 million or 63.79 percent compared to the same quarter of the previous year. Nevertheless, revenues tend to steady compared to the first quarter of the same year. As for Monomax subscription, the business tends to show better growth with increased revenue of 2.88 million Baht or 32.25 percent compared to the first quarter of the same year.