equivalents has decrease due to paid annual bonus to the employees and management amount of Baht 9.49 million, dividend paid to the shareholders in May 2017 amount Baht 6.79 million, purchase of land in Chiang

No. Kor Bor Ror. 026/2018 March 6, 2019 President The Stock Exchange of Thailand Sub : Dividend payments, connected transaction, the shareholders’ meeting date, and the dissemination of the meeting

million and interim dividend payment at Baht 88 million. Page 10 of 11 3. Cash flows Analysis Table 6 : Overall Cash flows for the nine-month period ended September 30, 2019 and 2018 (Unit : Thousand Baht

) remained healthy at 0.7x. Total equity was at Bt79,967mn, which decreased -6.8% due to a decrease in retained earnings appropriated for the dividend. Cash flow In 1Q23, cash flow from operation (after tax

Directors’ meeting has approved the final dividend payment for the fiscal year ended February 28, 2017, at the rate of 1.85 baht per share, which will be paid after being approved from AGM on June 28, 2017

as at 31 December 2016 of Baht 2,629 million. The increase is due to the net profit for the period of Baht 315 million. On the other hand, the decline is due to dividend paid to the 6 Company’s

. Return on Equity and Return on Asset are 20.8% and 4.2%, respectively. In addition, the Board of Directors’ meeting has approved the final dividend payment for the fiscal year ended February 28, 2019, at

is merely accounting impact, not related to cashflow from operation. Other Income Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Dividend and Management income 48.1 68.7 20.6 42.9% Others

amounted to Baht 604.9 million and decreased from the prior year at Baht 11.8 million which derived from Q2/2019’s profit for the period of the Group at Baht 40.2 million and interim dividend payment at Baht

Billboard category. Volvo Lightening-powered billboard 3 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 DIVIDEND PAYMENTS - On 25 April 2018, the