. (“the Company”) would like to summarize it’s for the year 2018 operating performance for the period ending 31 December 2018 as follows: The Company and its subsidiaries’ posted a net profit of THB 96.30

Limited and its subsidiary for the six-month period ended 30 June 2019 represented an operating profit of Baht 444.48 million. Compared to the same period of last year, it showed a loss of Baht 68.10

Company”) would like to summarize its Q1/2018 operating performance for the period ending 31 March 2018 as follows: The Company and its subsidiaries’ posted a net profit of Baht 6.73 million for the Q1/2018

amount of Baht 10.47 million, compared with the results of operation in the six month of year 2019 presented net profit in the amount of Baht 26.92 million decreaseing of Baht 37.39 million or 138.89% The

Limited receives dividend from investment 143.46 million baht, increase of 3.39 million baht. 1.4 The company had profit from selling asset in the amount of 2.62 million baht in 2019 but it isn’t any in

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS HIGHLIGHTS – 2Q 2020/21 MACO’s performance was

Limited and its subsidiary for the nine-month period ended 30 September 2019 represented an operating profit of Baht 432.57 million. Compared to the same period of last year, it showed a loss of Baht 71.64

business, featuring both house brand and other brand products. To date, the Company has 12 outlets (Phetchaburi, Kanchanaburi, Pattaya, Pak Chong, Sing Buri, Hua Hin, Sriracha, Phra Nakorn Sri Ayutthaya, Hat

some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to recognize

% Profit (loss) from changes in operating assets and liabilities 77 (60) +229% Net Cash flows from (used in) operating activities 118 24 +398% Cash paid from business combination 0 0 - Cash paid for