PLANB’s 2023 Earnings Grow 32% after a Record High in Revenue from Sales and Services

Plan B Media Public Company Limited (SET: PLANB) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

911.25 685.87
Earning Per Share


0.2128 0.1614
% Change 32.86


PLANB reported a net profit for FY2023 of THB 911 million, increasing THB 225 million or 32.9% YoY.

The company reported a total revenue of THB 8,446 million, increasing 25.9% YoY. It recorded an all-time high revenue from sales and services of THB 8,365 million in FY2023, marking an increase of THB 1,775 million or a significant 26.9% YoY. This notable increase was primarily attributed to the growth in the OOH media business, which benefited from improving economic conditions and revenue from the engagement marketing business. The Company also recognized THB 404 million from Muay Thai and THB 248 million from managing marketing rights for the Asian Games in Hangzhou, China, in line with the guidance.

EBITDA grew steadily from strong operational performance, resulting in THB 3,846 million, an increase of 10.6% YoY from the strong growth in operations.

The Board of Directors came to a resolution that the company will omit its dividend payout for the operations of last year.