the fuel material cost of natural gas. However, sales of biomass power plants increased by Baht 174.0 million since in 2023 the biomass power plants had shutdown hours to improve the power plants
in line with the fuel material cost of natural gas. In addition, sales of municipal solid waste power plants also decreased as the result of the expiration of Adder period of one municipal Sales and
”) media business overseas. (please find more details of VGM business as below photo.) 81.65% Trans.Ad Group 89% 100% % MACO Eye on Ads Trans.Ad Roctec 11 FEB 2019 3 MASTER AD PLC MANAGEMENT DISCUSSION
subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2018 MANAGEMENT DISCUSSION
million. · The new customer No.2 • Source of the new customer No.2 The sales process of the Company to find a new customer is contacting any TV broadcasting platform. In the meantime, the Company had
(Please find more details of Outdoor media segment in 2Q 2017 MACO’s management discussion and analysis http://maco.listedcompany.com/misc/mdna/20170801-maco-mdna-2q2017-en.pdf) Digital Services business
launched in July 2017. In the same period, this business segment also benefitted from the consolidation of COMASS Co. Ltd., (“COMASS”) which was acquired in July 2017. (Please find more details of Outdoor
media footprint from Bangkok-Centric to nationwide presence. (Please find more details of Outdoor media segment in 1Q 2018 MACO’s management discussion and analysis http://maco.listedcompany.com/misc/mdna
per rai per month is considered appropriate and fair for the Company as it cannot find the suitable land of particular size in Bangkok Metropolitan Region with lower rental fees. And the rental terms
recognition of 35 digital billboards, which was rolled out in July 2017. In addition, this segment also benefitted from the full year consolidation of Co-Mass, which was acquired in June 2017. (Please find more