3,316 3,089 227 7.4 Profit before income tax expenses 1,115 3,688 (2,573) -69.8 Income tax expenses 175 699 (524) -75.0 Profit before share of profit from associates and NCI 940 2,989 (2,049) -68.6 Share

worsen globally in March. Travel restrictions and Visa-ban policy were launched to control the pandemic. As a result, for aviation industry in the first quarter in 2020, global RPK plunged 22.2 percent

bearing debt ratio Current portion of interest-bearing debt to the sum of interest-bearing debt ratio Financial institution loan to the sum of debt ratio Specific industry ration and financial ratio to

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

andum regard ers g Corporation n October 4, s follows: se to the Extra ed capital of B 09.00 by decre 907,153 share Association o ecutive Comm managing di of Association ry action to co se to the Extra d

shares at par value of THB 10 per share. Currently, 99.0% of Carnival Magic’s registered capital is held by Phuket Fantasea hence Carnival Magic is considered the Company’s indirect subsidiary with

of THB 10 per share. Currently, 99.0% of Carnival Magic’s registered capital is held by Phuket Fantasea hence Carnival Magic is considered the Company’s indirect subsidiary with shareholding through

the future. 3. Management’s Message Flat Steel Product ($/T) Management’s Discussion and Analysis (MD&A) For Q3/2017 6 Overview of World Steel Industry According to the World Steel Association’s report

the contribution from the HVA business of $540 million reflecting margin recovery in the Necessities industry. IVL is strongly positioned for the current market environment, enhanced with Necessities

of 530 million baht or 2.12 baht per share, decreasing by 46% y-y. The financial performance can be summarized as follows. Overview The Thai economy in the first quarter of 2020 contracted by 1.8