MACO Dips 1.5% after Reporting Lower Net Profit in 2019 by 41%, Offering ฿0.016 Dividend
MACO Dips 1.5% after Reporting Lower Net Profit in 2019 by 41%, Offering ฿0.016 Dividend.

MACO Dips 1.5% after Reporting Lower Net Profit in 2019 by 41%, Offering ฿0.016 Dividend.
12 ก.พ. 2563

The share price of Master Ad Public Company Limited (MACO) fell ฿0.02/share or 1.42% to trade at ฿1.39/share as of 10:35 on February 12, 2020, after reporting a low net profit for 2019.
 
Earlier in the morning, MACO has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

MACO reported a net profit in 2019 at 160 million baht, decreased 41% from a net profit of 272 million baht in 2018. The decrease was mainly due to an expected event in Malaysia, where advertisers cut back their spending due to the country’s sluggish economy during the first half of 2019. In addition, there was a straight line concession adjustment of its international media operation in accordance to Thai accounting standards, which led to higher expenses.
MACO’s cost of sales also increased by 111.1% YoY from THB 901mn to THB 1,901mn mainly due to the consolidation of the company which was the main driver in increasing the cost-to-sales ratio from 53.1% to 64.4% in this year.
 
In addition, MACO has approved the dividend payment from the operation in the second half of 2019 at ฿0.016/share to be paid on May 15. The ex-dividend date will be on March 19, 2020.