RS Public Co., Ltd. reveals operating results for the year 2022, total revenue of 3,533 million baht, net profit of 137 million baht, an increase of 8% from the previous year due to the recovery of concerts. Event sponsor and the growth of content licensing income, setting a total revenue target for this year at 5,500 million baht
Surachai Chetchotisak Chief Executive Officer of RS Plc. said that 2022 is the year that RS Group focuses on expanding the ecosystem of commerce businesses. both increase distribution channels and develop new products to enhance potential to new target groups Including the acquisition of direct sales business ULife (ULife) from Unilever (Thailand) Co., Ltd. and also establishing RS Pet All Co., Ltd. to create Petconomy, produce and distribute products. and comprehensive pet-related services
In addition, it continues to develop more than 71 SKUs of health products under 4 main brands: Well U, Camusi, Vita Nature Plus and Lifemate. and entertainment business Including investments with new partners to expand RS Group’s ecosystem to be more complete. It started with a new organizational restructuring to prepare the affiliated companies for spin-off listing on the stock exchange. The main goal is to make RS Group a “Life Enriching” that will elevate every aspect of the lives of customers and pets through all business groups in the group.
Wittawat Wetchabutsakorn, Chief Financial Officer of RS Public Company Limited, revealed that the entertainment business was an important driving force for RS Group in the past year. In which entertainment income grew 39% from the previous year. This was a result of both activities, concerts and growth in revenue from content licensing. While the economic situation was still challenging, the revenue of the commerce business decreased by 24%, resulting in the total revenue of the company at 3,533 million baht. However, the net profit was 137 million baht, an increase of 8% from previous year This is from the growth of the entertainment business and the efficiency of cost management.
“From the readiness of the ecosystem that RS Group has laid the foundation for building a strong brand. and strengthening distribution channels in the past year together with the market and consumer purchasing power recovering This is an opportunity for RS, both in its commerce business, including RS Livewell and RS Connect, to grow sales by launching over 45 new SKUs and expanding the market through new channels and partnerships. to a wider market Entertainment business We reinvest in the music business together with global partners. This will both increase revenue from existing music assets and build a new music asset base. and full concerts throughout the year, which will generate more than 550 million baht in revenue. Most recently, COOLive (Cool Life) under the RS Multimedia business group under the RS Group announced its 2023 Showbiz plan under the concept #inCOOLsiveExperience Create a joint experience that is cooler for all generations with 4 big concerts that include all the originals of RS that everyone misses, namely RS Hits Journey 2023, D2B 22nd Anniversary Concert 2023, Kamikaze Party Reunion. and RS Meeting Danceventure Concert 2023 and will organize a Music Festival 4 seasons in 4 areas: Cha-am, Suan Phueng, Bangkok and Khao Yai, which is expected to attract more than 100,000 visitors to the big concert and music festival.
Another successful strategy of RS Group is the continuous investment through M&A to build the business model ecosystem. Entertainmerce to grow rapidly We are determined to find partners with whom we will jointly invest and grow together in the form of strategic investment. In 2023, the investment is expected to be approximately 300-600 million baht per deal. In the past, we have pushed Chet Asia Public Company Limited or CHASE to be listed on the Stock Exchange of Thailand. And has completed the first trading day on February 21, 2018. In addition, there was cash from the partial sale of CHASE shares of 420 million baht and realized an extra profit from this transaction immediately. in the first quarter of 2023, more than 100 million baht. RS Group still intends to maintain 20.35% of CHASE shares in the long run to create mutual growth. The potential will encourage all business groups in the group to work together effectively. It has been a driving force and an important mechanism in leading RS Group towards the total revenue goal of 2023 at 5,500 million baht.
