obsolete inventories in 2018 amounted to 1,080 million baht, go up from 968 million baht in 2017. - Investments in associated companies as of 31 December 2018 were booked at 536 million baht for the

) AI Energy Public Company Limited. March 31, 2017 the Company has booked the allowance for the dilution in inventories value for THB 12.58 million. 2. Cost of Sales – Edible Oil - In 1st quarter of 2017

booked in September 2016. Gross Profit 4Q17 gross profit grew by 121% YoY and 209% QoQ, mainly from the recognition of the upfront lease payment of Singha Complex, as mentioned previously. Profit margin in

5.84 40.07 Total Equity 13.07 24.80 24.91 Total Revenue 12.01 11.98 5.91 Net Profit 8.89* 2.72 (0.11) Remark: *IGEN-ENERGY booked profit from debt discharge amounting 9.61 million. 8. Expected benefit to

profit being generated in this quarter. The media is now fully booked until the first quarter of next year. MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 2 13 May

of Phase 1B was already booked in this period, resulting into a loss during November to December as abovementioned. Share of Profit from Investments in Associates from Power Business during 2019 was

impact of the increased cost environment. Though we have increased marketing expenses for year-end campaign promotions, a one-time reversal of accrued expenses booked in this quarter resulted in the total

expense increased 6% YoY. As Marketing Business booked the an increase of provision for retirement benefits of THB 65 million, according to the Labor Protection Act that was revised on 5 April 2019. 5. The

ever-changing lifestyle of shoppers. In addition, the joint-scheme with BNK 48 also drove sales growth in Exit (our male grooming brand). Others Segment Overall others segment revenues in 2019 booked at

initial public offering at 2.19 million THB and tax written off expense at 4.44 million THB booked under this category. As a result, the administrative expenses are increased by 27.89% compared to 2016