The rebound was driven by revenue from advertising sales, events organisation and sale of investments in subsidiary companies. Revenue increased 115% year on year, with revenue from sales and services showing the biggest expansion at 37% year on year. Nation Group sold 691.03 million ordinary shares in Nation Broadcasting Plc (NBC), representing 61.76% of total issued and paid-up capital of NBC. The sales reduced Nation Group’s stake in NBC from 71.45% to 9.99%. As of September 30, the group recorded profit from investments in equity of 162.27 million baht.

Source: The Nation Bangkok November 15, 2022 05:46 UTC