10
ASIAMEDIAGROUPBERHAD
(813137-V)
Dato’ RickyWong
has been founder
andCEO of Asia
MediaGroup since its
inception.
Even in the context of a tough
year and regulatory conditions,
I remain very excited about the
longer term prospects for the
Group, as customer appetite
for digital outdoor advertising
grows rapidly and companies
look to embed DOOH into their
corporate marketing strategies.
Financial Performanceof
theGroup
The Group’s revenues have increased
greatly since inception, posting YoY
growth rates of 86.6%, 101.3%, 77.8%,
56.4%,22.5%and -21.3% in2008,2009,
2010,2011,2012and2013 respectively.
This is a testament to the increasing
acceptance of and rising demand for
advertising in the Digital-Out-of-Home
(“DOOH”) sector. Whilst our revenue
FYE 2013 fell short of expectations,
we are upbeat heading into 2014. Our
rising revenue trend isattributable to the
success ofmarketing efforts topromote
the Group’s network, which include
greater engagementwithmediaagents.
Concurrently,EBITDAmarginshavealso
improved, rising from 27.7% in 2007 to
44.2% in2013, asa result of economies
of scale attained due to higher demand
for DOOH advertising. The notable
growth and profitability improvements
were achieved in spite of the recent
global financial crisis. The Group’s net
profithas improvedataCAGRof39.34%
since 2007. The Group reported its net
profit of RM5.16million in FYE 2013
(EPS: 0.82 sen).
Chief ExecutiveOfficer’s
Report
