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Thai Entertainment Giant Reports Profit Doubling.
Nov. 6--RS Promotion Co, Thailand's second largest entertainment company, said its net profit for the first nine months of this year doubled from the same period last year, to 153 million baht.
The company said it was on course to achieve a net profit of more than 200 million baht for 2002.
Chief executive Surachai Chetchotisak said the increase in profit had resulted from the group's restructuring as it prepared to list on the Stock Exchange of Thailand next year.
In the third quarter alone, RS earned 43 million baht in net profit.
Mr Surachai said that music sales contributed 70 percent of the company's total revenue, followed by ...
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Source: HighBeam Research, Thai Entertainment Giant Reports Profit Doubling.