MCOT 'not insolvent' as cash shrinksState-owned broadcaster MCOT is going through a liquidity crunch but is not insolvent, says a source at the Finance Ministry who requested anonymity. MCOT is not on the State Enterprise Policy Office's list to begin a business rehabilitation plan, the source said. MCOT was mired in a net loss of 877 million baht in the first quarter of 2020, worsening from 32 million over the same period last year. The broadcaster posted a net loss of 457 million baht in 2019, 376 million in 2018 and 2.54 billion the previous year. Shares of MCOT closed on Wednesday on the Stock Exchange of Thailand at 5.10 baht, unchanged, in trade worth 2.31 million baht.

Source: Bangkok Post July 08, 2020 23:03 UTC