CMO Public Company Limited reported operating results for the first six months of 2569, with total service revenue of 749.68 million baht, an increase of 1.8% from 736.10 million baht in the same period last year. Net profit stood at 0.82 million baht, down 98.2% from 44.99 million baht. The event organizing business, which is the core business, accounted for 66.2% of total revenue, generating 496.12 million baht, a growth of 12.6%, and the company began recognizing revenue from the merchandise sales business of 5.21 million baht. Managing Director Mongkol Silathampitak stated that in the second quarter of 2569, the company had revenue of 337.74 million baht, growing 12.4%, but posted a net loss of 19.98 million baht due to investment in new audio-visual system equipment to support entertainment events and mega events in the second half of the year. The company assesses that the Thai economy is likely to improve in the second half of the year, driven by world-class mega projects such as the annual IMF and World Bank meetings, and will focus on selecting projects that generate good margins.
CMO Public Company LimitedNet profit down 98.2% and Q2 net loss due to equipment investment.
