Chicilon Media's revenue increased in May

Chicilon Media announced revenue growth in both the northern and southern regions of the country thanks to the effective use of advertising channels. 

According to Chicilon Media's announcement, the northern sector completed 139% of its sales target, establishing an increase of 67% compared with the same period last year. The southern sector also exceeded the target with a result of 116%, demonstrating a growth of 23% year-over-year. According to the company's assessment, the business results come from good exploitation of advertising means and increased coverage.

Chicilon Media's elevator advertising channel

Currently, Chicilon Media distributes and installs more than 37,000 elevator digital advertising screen devices in key cities nationwide, accounting for more than 92% of the market share according to their exploitation standards. The company also owns a wide and diverse digital media network, including building elevator channels, airports, and supermarkets. In May's business results showed high coverage, and also reflected the increasing demand in the market. Chicilon's leaders also assess that the results partly come from solutions to optimize advertising strategies and improve service quality at appropriate costs. These efforts were clearly demonstrated in May's revenue, laying a solid foundation for our future development. Going forward, the company's representative shared their intention to continue improving advertising effectiveness, increasing coverage, and providing more solutions to users. Its goal is to continue to lead the industry, especially in the elevator digital media channel. "We will accompany partners on the path to conquering business goals and achieving more outstanding achievements," said Guo Zhi Feng, Chairman of Chicilon Media.

In 2023, despite difficult times, the business still achieved a growth rate of 37.5%, completing 90% of the set revenue tasks, showing an increase of 6% compared with 2022. In particular, the Hanoi sector’s revenue set a record of 42% growth. In the future, the business's strategy is to expand and focus on mid- and high-end buildings, reaching high-income customers.