from the previous year. In 2018, the company had total selling expenses of Baht 266.06 million, representing an increase of Baht 134.38 million due to the company having increased marketing and sales
87.51 million. Profit increased from the year ended 2018 by Baht 168.54 million mainly due to an increasing of gross profit from business operation amount Baht 189.16 million. Overall of the Group’s
sales increased by 317.1% from THB 103mn in 2Q 2018 to THB 429mn. This was mainly due to the aforementioned consolidation. Trans.Ad Group’s cost structure is characteristically higher than MACO’s core
financial reporting standards. Overall market environment The Thai economy for the first quarter of 2020 continued on a declining trend comparing to last year due primarily to the COVID-19 outbreak which
fluctuations in money market and capital market and has severely affected all sectors in the economy, especially tourism sector which acutely shrunk due to travel restrictions and lockdown measures. Export
business, decreasing 5.3% YoY partly due to a decrease of revenue offset by the lower of the Company’s cost. 2) Service & administrative expenses in FY2019 was Bt224.80mn, representing 7.1% of total revenues
due to an increase in electricity revenue, caused by the higher electricity generation, comparing to the same period of the previous year. Additionally, interest expense was decreased. Meanwhile, cost
interconnection charged. It stayed flat QoQ. • Fixed broadband revenue reached Bt7,118mn, increasing 163% YoY and 41% QoQ, primarily due to the consolidation of TTTBB’s revenue and expansion of the broadband
around USD 200 billion. In June, protests started in Hong Kong levels of violence have been escalating. Moreover, in July, Thai baht became stronger specially against US dollar due to speculation during