MCOT’s Cost Management Lowers Deficit by 70% to Post a Net Loss of ฿32M. in 1Q19

MCOT Public Company Limited (MCOT) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

Despite the intense competition among digital TV operators, decreased ad spending in the industry and disparity between revenue and expenses, MCOT was able to effectively control its expenses resulting in a deficit of THB 31.86 million, which 70.32% reduced from 2018 compared to the same period of last year.