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Grammy, GMM Media profits slide.
Mar. 2--Two set-listed entertainment firms, GMM Grammy Plc and GMM Media Plc, have cited higher operational costs and declining sales as the reasons for disappointing net profit performances.
GMM Grammy, the country's biggest record firm, posted a 71 percent decline in net profit to 203.51 million baht year-on-year, down from 700.2 million baht.
Its total sales also dropped 6 percent to 6.31 billion baht, down from 6.67 billion baht. Sales of music, television and radio businesses were blamed for the fall. GMM Media, a unit of GMM Grammy which produces five radio stations and women magazines Madame Figaro and Her World , reported a 29 percent decline in ...
- GMM Grammy profit surges by 80% in first half on new strategy.(Financial report)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 16, 2007 700+ words
Byline: Woranuj Maneerungsee Aug. 16--GMM Grammy Plc, the country's largest entertainment company, is...selling content through digital technology is a prime focus. GMM Media, Grammy's SET-listed affiliate, reported 100 million...
- GMM Media Seeks to Buy New Radio Station Next Year in Thailand.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) November 13, 2003 700+ words
Nov. 13--GMM Media Plc, the subsidiary of entertainment giant GMM Grammy Plc, is looking to acquire...s total sales revenue. GMM Media said it had no plan to increase...growth was hard to forecast. GMM Media shares closed yesterday on...
- GMM Media puts B100m into radio.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 16, 2007 700+ words
Jan. 16--GMM Media, a subsidiary of the entertainment giant GMM Grammy, plans to invest 100 million...Ayudhya, managing director of GMM Media Plc, said that after fine...competition. The bad year forced GMM Media to close FM88 and transform...
- GMM Grammy gets back-office help.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 18, 2005 700+ words
Byline: Ploy Chitsomboon Jun. 18--GMM Grammy Plc and its subsidiary GMM Media yesterday awarded a deal to allow Siam Commercial Bank to handle the companies' cash management activities. Grammy chairman Paiboon...
- GMM Media at strategic crossroad: Benefits of reduced holding questioned.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 17, 2005 700+ words
...houses. Now, with GMM Media backing off from...result is that the GMM Grammy subsidiary is now...investment plan. GMM Media said yesterday...also have raised GMM Media's debt levels...MATI, GMMM and GMM Grammy pending clarifications...
- Thai entertainment giant GMM Grammy projects even rosier year for 2005.
- Newspaper article from: Knight Ridder/Tribune Business News November 23, 2004 700+ words
...Thailand Knight Ridder/Tribune Business News Nov. 23--GMM Grammy Plc, the country's biggest entertainment company, has...talks with Liverpool would then restart, he said. Shares of GMM Grammy closed yesterday on the SET at 15.60 baht, down 10 satang...
- GMM Grammy Chief Seeks Up to 10 Partners to Invest in UK Soccer Club.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 17, 2004 700+ words
...Charoen Sirivadhanabhakdi, businessman-turned-politician Prayudh Mahagitsiri, Shin Corp and Osotspa have been wooed by GMM Grammy boss Paiboon Damrongchaitham to revive a bid for a stake in the Liverpool Football Club. Many of the companies have shown...
- Thailand's GMM Grammy Chief Aims at Expanding Entertainment Empire.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 10, 2004 700+ words
...plans to start additional personal businesses worth one billion baht which could create over 1,000 jobs. The chairman of GMM Grammy Plc said yesterday that new health, beauty, recreation and related entertainment ventures, some involving partners, would...