while during 2020 the discount was deducted from depreciation expenses • EBITDA margin increased by 5.3% in Q2/2021 and 4.6% in 1H/2021. The increase of EBITDA margin was mainly due to the Company’s

, social and environment responsibility and sustainable growth. The Company believes that the residential condominium sector of the real estate business is recently facing a slowdown as a result of domestic

continued to be key growth drivers of our performance in 2Q 2018. 2 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 IMPORTANT EVENTS IN 2Q 2018 - In May

280.62 16.5 * excluding fuel cost Increase (Decrease) % Quarter 1 The operating result for the 1st quarter of 2020 showed the profit (attributable to owners of the Company) of THB 1,360.82 million

with sustainable growth. Projects under construction are on track Interchem, the waste-to-energy project, with an installed capacity of 4.8 MW had 50.7% current construction progress which is on process

customer base in 2017, resulting in an increase in revenue from sales and services in 2018, as detailed below. Incomes Jan – Mar 2018 Jan - Mar 2017 Increase (Decrease) Mimmion Baht Percent 1. retailers and

ending 2018, the total revenue was 2,708.65 Million Baht, which increased by 1,381.52 Million Baht or an increase by 104.10% compared to the same period last year. The key factor was from an increase in

. Financial performance Statement of income Consolidated Financial Statements for 2019 2018 Change (Audited) (Audited) Increase (Decrease) THB Million % THB Million % THB Million % Revenues Sales income 16.89

increased by THB 143.86 million or 5.46% compared to the revenues of 2018. This is mainly due to the increase in sales of Food Coating, Flavour, Fragrance & Color, and Dry categories. Mainly increased in

to 96.92% of the total revenue from operations, and increased by THB 143.86 million or 5.46% compared to the revenue of 2018. This is mainly due to the increase in sales of Food Coating, Flavour