RSs got it! Health and beauty business grows 200% in the first quarter World-class labs and high-quality products boost its health and beauty business, supporting its MPC business

Stocks and Financial Services Press Releases Tuesday May 15, 2018 10:49
Bangkok--15 May--RS

Darm Nana, Chief Financial Officer of RS PLC, said that the company's revenue in the first quarter of 2018 reached 969 million baht while its net profit was 102 million baht, a 117% growth from last year. The company has continued to grow steadily from last year, way ahead of its competitors in the industry. This is thanks to its Multi-platform Commerce (MPC) business, which grew 191% in terms of revenue and enjoyed significantly higher profits than competitors, thanks to the addition of health and beauty products under brands Magique, Revive and S.O.M. Meanwhile, it has also branched out to home and lifestyle products such as home appliances, kitchen appliances, and clothing. Repeat orders are seen in its existing customer base, while new ones continue to increase and reach a new high every month. The company is sure that it can achieve its 5.8 billion baht revenue target.

Additionally, thanks to Channel 8 as the flagship of its media business, with #2 prime time rating in the country and top 5 rating in evening prime time, advertising revenue has nearly doubled in March, a new phenomenon despite a slow season for the media market. It has also secured long-term advertisement and sold advertising platforms as expected.

Things are looking positive in the 2nd quarter as both Multi-platform Commerce (MPC) and Channel 8 are still on track. The two businesses complement one another, and the company balances external advertisement and its own advertisement well. As a result, its platforms are maximized, generating higher profits for the company. The rising star of the company is the Multi-platform Commerce (MPC) business as the company partners with world-class labs to conduct research and produce high-quality products that meet international standard to meet various needs of consumers. New products and innovations are constantly added, such as accessories, electronic devices and gadgets.

"It has been three years since we entered the health and beauty business with Life Star. We expect that it will be our main earner in the future, so we are very committed to developing it. We are aware that health and beauty products must have high quality and be carefully produced. Therefore, we have partnered with world-class labs in Switzerland, France, Spain and Japan to invent new beauty innovations for our consumers. They can rest assured that our products are of high quality and certified by the FDA," said Darm.

Channel 8 receives excellent feedback for its newly added contents such as two mega series from India - Chandrakanta and Jaat Ki Jugni. Hanuman continues to be the channel's magnet, while TV drama Saneh Nang Kruan is doing well thanks to its magnetic cast. The channel has a plan to increase evening dramas on Mondays to Fridays, and boxing programs will be added to indulge sports fans in the 2nd quarter.

The success of its media business and health and beauty business, as well as the potential of its Multi-platform Commerce (MPC) business, make the company confident that it can achieve its goal of 5.8 billion baht revenue this year.


Latest Press Release

Photo Release: MOU signing of 4 ASEAN capital market regulators in launching ACMF Pass Project

4 ASEAN Executives of capital market regulators of Malaysia, Philippines, Singapore, and Thailand signed a Memorandum of Understanding (MOU). The "ACMF Pass Project" allows licensed professionals to provide advisory services within participating ASEAN...

Fitch Affirms TASCO at #A-(tha)#/Stable and Withdraws Ratings

Fitch Ratings (Thailand) Limited has affirmed Tipco Asphalt Public Company Limited's (TASCO) National Long-Term Rating at 'A-(tha)' and its National Short-Term Rating at 'F2(tha)'. The Outlook is Stable. Fitch has simultaneously chosen to withdraw...

PSP Investments welcomes new investment partners to Forth Ports

The Public Sector Pension Investment Board ("PSP Investments") is pleased to announce the closing of the Forth Ports Limited transaction. PSP Investments has sold minority stakes in Forth Ports Limited to long-term investment partners, including GLIL...

Prudential presents Nong PRU Nong DEN animated LINE stickers Available for free download today!

Prudential Life Assurance (Thailand) Public Company Limited introduces "Nong PRU & Nong DEN" animated LINE stickers under the concept "#nomoreboringmondays", to bring users up-to-date news and activities via the highly popular LINE Prudential...

KTC joins JCB giving Points X 5 to cardmembers who shop in leading department stores.

Mr. Nattasit Soontranu, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, in association with Ms. Tharinee Wongwattanan, Marketing Manager, JCB International Thailand Company Limited, give special privilege of points...

Related Topics