Bangkok Post Public Company Limited

ACHIEVEMENTS IN 2019 AND OUTLOOK FOR 2020

GROUP OPERATING PERFORMANCE IN 2019

The Bangkok Post Group in 2019 continued to focus on streamlining operations, improving productivity and efficiency, and investing in new services and technologies to meet the ongoing challenges faced by the Thai print media industry.

The company aggressively expanded its digital products and services as well as its event management businesses, building upon its market-leading brands led by the flagship English language Bangkok Post, Thailand’s oldest newspaper; Post Today, a Thai-language digital paper; and Thai-language editions of top international magazines, Elle Thailand and Forbes Thailand.

In 2019, Bangkok Post Group reported a consolidated net loss attributable to equity holders of (308.76) million baht or (0.62) baht per share, compared with a loss of (167.65) million baht or (0.34) baht per share from the year before. The higher loss was attributed to expenses related to the closure of the company’s printing facility, retrenchment costs, impairment for investment and goodwill and move to transition Post Today to a digital news provider. Excluding such expenses, consolidated net loss for 2019 was (60.9) million baht, a 63.7% improvement from the previous year.

Total consolidated sales and service revenue for 2019 was 800.8 million baht, down 34.39% from the year before, while consolidated costs of sales and services was 748.4 million baht, down 24.5% from the year before.

The Board of Directors resolved to omit the dividend payment for the year 2019, and resolved to call for the Annual General Shareholders Meeting to be held on 22 April 2020 at 10 am, at the Conference Room, Bangkok Post Building, 8th Floor, 136 SunthornKosaRoad, KlongToey. Shareholders whose names appear in the Shareholder Register on 11 March 2020 are cordially invited to attend the Meeting.

LOOKING FORWARD

The Bangkok Post Group in 2020 will continue to focus on streamlining its newspaper and magazine portfolio while increasing focus on digital platforms and services.

The company will also continue to diversify its revenue streams and leverage its strengths as Thailand’s leading news and information content provider. Branded lifestyle, entertainment and business events will be expanded to meet growing needs from the company’s consumer and client base.The company will also continue to expand its partnerships with other leading companies across a range of industries consistent with its commitment and mission statement to serve as a trustworthy, reliable and informative source of information for the public.

Updated: End of 2019

Bangkok Post Public Company Limited

ACHIEVEMENTS IN 2019 AND OUTLOOK FOR 2020

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