13.58% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the

the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the Company

million baht, or 12.67% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include

2Q 2020/21 PERFORMANCE ANALYSIS (YOY) In 2Q 2020/21, MACO recorded an operating revenue of THB 507mn, a decrease of 32.2% YoY. The decline on overall performance was from the prolonged impact of COVID

(YoY), net profit decreased by Baht 115 Million or 12.3 percent mainly from the decrease in revenue from the effect of COVID-19 outbreak in the year 2020 whereas there was an increase in expenses related

. Overview According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the second quarter of 2020 dropped by 12.2% compared with a 2

Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the fiscal year 2021 expanded by 1.6% (y-y), recovering from a contraction of 6.2% from previous year, that

Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail

in conjunction with the consolidated financial statements and financial statements notes. If not defined otherwise, all financial information presented in this document are in Thai Baht. The company

THB mm or 0.9% from 31 December 2019, mainly due to • Decrease in retain earning regarding the impact of compliance the Thai financial reporting standards no.9 and no.16 • Interim dividend payment on 14