Solutions etc. Gross profit of this quarter amounted to Baht 2,373 million, 29.3% drop from the same quarter of last year and 14.4% drop from last quarter due to the slowdown in telecommunication business in

to support business expansion and to reduce some of the rental costs. In addition, the company invested in machinery and equipment for a new branch in Jiangsu, China. While current assets decreased by

like to clarify the management discussion and analysis for the year ended 31 December 2019 Performance Overview For the fourth quarter of 2019, the net profit of the Company and its subsidiary was

subsidiaries Explanation of the operating performance for the year 2020 as in the consolidate financial statement has net profit 90.19 Million Baht, increase of 42.50 Million Baht or 89.12% comparing to the last

profit margin in the third quarter of 2017 was 57.2%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However

Net profit reached THB 293m or 13% improvement from the same period last year. Essentially, both Residential business and Hospitality business attributed to such increment. Financial Position and

building. Construction and service costs and Gross profit For the first six-month of 2019 and the first six-month of 2020, the company’s group had construction and service costs of 641.68 and 383.63 THB mn

Commission building and interior construction for the Fine Arts Department building. Construction and service costs and Gross profit For the first nine-month of 2019 and the first nine-month of 2020, the

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

(net profit margin of 27.0%), an increase of 6.96mb or 9.9%. 1. Revenue Structure Table 2: The break down revenue by business entities. Type of Revenue Jan-Jun 2019 Jan-Jun 2020 Million Baht % Million