In 2023, “MCOT” made a profit of 587 million baht.

Bangkok, 2023 MCOT has a profit of 587 million baht, pinpointing land development plans to be completed in 2024, accepting adjustments in land appraisal prices for land in the city center with higher values. Strengthen the Big Event team "Doraemon Run" for the first time in Thailand, lasting until the end of the year Mr. Phatiyuth Jaisawang, Acting Director of MCOT Public Company Limited, revealed the operating results for 2023 that 'In 2023, the consolidated financial statements of MCOT Public Company Limited had income of 2,381 million. Baht increased by 69 percent compared to the same period last year. It is income from profit from adjusting the fair value of Investment real estate is 1,070 million baht and income from various business operations is 1,311 million baht, with profits according to the financial statements before taxes totaling 801 million baht.' Mr. Phatiyuth further said, 'MCOT places importance on digital business and new business. Focus on production and Expanding to a full digital plat form Including adjusting business strategies to seek new sources of income from New S-Curve, aiming at innovation and renewable energy businesses. In line with consumer trends and upgrading MCOT Academy to be a business and communications leadership development institute. Recently, together with FM 100.5, the MCOT CEOs of ASEAN course was launched. While the television business is continuously producing new programs, recently the Thai news agency MCOT created new programs to strengthen the digital platform. Celebrating over 10 million followers, highlighting the concept of X - Triple News and bringing in real news people as 'Influencers' can be followed on the digital platforms Facebook, Youtube and TikTok. In the radio business, the launch of a new international music radio station 'Smooth FM 105.5' Smooth Your Life Smooth Music, the hottest international music radio station. Expand the audience to target the All Gen group starting this March. In addition, MCOT organized the event "Doraemon Run" (Doraemon R un 2024 Thailand by MCOT) to celebrate the bond that the Doraemon cartoon has been broadcasting on Channel 9 MCOT HD continuously for more than 42 years, held for the first time in Thailand. There will be 5 stadiums all over the country: Bangkok - Chonburi, Nakhon Ratchasima - Phuket and Chiang Mai, with the first stadium selling out tickets within a few days after reservations opened. It also accelerates asset management to generate long-term income for the organization. For the progress of the development of 50 rai of land in the Rama 9 - Ratchadaphisek area of ??MCOT, which is a large piece of land with investment potential and high value. It is considered a new business center or New CBD. Currently, land use regulations are in the process of being issued, including 40 rai of land in Nong Khaem and 59 rai of land in Bang Phai, which are land with potential for development. At this time there are many private sectors that are interested.' As for MCOT's financial position, it remains strong. As of December 31, 2023, it had total assets of 10,872 million baht, an increase of 8 percent from December 31, 2023. MCOT is still committed to strengthening its existing business. Ready to seek new business opportunities To move towards sustainable growth. Source: Thai News Agency