WORK’s 2Q19 Profit Falls 37% from Revenue of TV Programs, Concerts and Employee Benefits

Work Point Entertainment Public Company Limited (WORK) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

WORK recorded a 2Q2019 net profit of THB 72.56 million, decreasing THB 43.07 million or 37% YoY. For the 2Q2019m the total revenue  (excluding other income of WORK was THB 803.61 million, decreasing THB 37.69 million or 4% YoY which shome in the total revenue of THB 841.30 million.
The change of the total revenue was mainly resulted from a decrease in revenue of television programs, concerts and plays, and employee benefit by 20%, 16%, 14% YoY, respectively.

However, WORK has earned a 2Q2019 profit from an increase in revenue of event marketing and sale of goods and rendering of other services by 156% and 200% YoY, respectively.