TrueVisions, pay-television arm of True Group, has recorded a revenue of THB5.90 billion in the first half of the year 2015, raise by 20.4% year-on-year, as compared to THB4.90 billion in the first half of the year 2014. Its service revenue and product revenue stood at THB5.82 billion and THB81 million respectively in 1H 2015. At the end of June 2015, its pay-TV subscriber base was 2.7 million.
During the second quarter of 2015, the company’s revenue has increased by 19% year-on-year due to the strong advertising growth; it rose to THB2.99 billion in 2Q 2015 as against THB2.50 billion in 2Q 2014. Subscription and installation revenue was flat at THB1.9 billion in 2Q 2015.
The company has posted a revenue of THB594 million from music entertainment and music events revenue in this quarter.
TrueVisions’ operating expense has surged by 23.5% y-o-y to THB2.6 billion due to higher cost of providing services related to content and music entertainment in the 2Q 2015. Its EBITDA stood atTHB296 million in the same period.
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