. COMASS (Mega Static Billboard) COMASS (LED Screen) 3 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 - The Company has started the process towards

expenses for construction of S.Kleber Chemical Co,Ltd which has begun since 4th quarter of 2019 Financial cost on year and 4th quarter of 2019 increased significantly 391.58 and 30.32 percent from the same

was unable to sell its products to modern retailers and department stores. The department has set goals continuously. As a result, retailers, retailers, distributors and wholesalers have begun to focus

profit from the Galoc oil field divestment at THB 10 million. The Company holds 49.33% shareholding in OKEA, and started to recognize its performance from December 2018 onwards. In Q1/2019, the Company

sales decreased by 1.26 percent for the consolidated financial statements. This was caused by the 2nd quarter; the Company has begun to resume the orders for furniture from overseas customers increased

purchase of ordinary shares in the Industrial Estate since the fourth quarter, revenue from the sale of land has begun. Comparing to the revenue from sales of condominium units in Phuket, The total revenue

the company has already begun some progress which is expected to generate revenue for the company since the first quarter of 2020 onwards. The shareholders of the Company resolved to approve the

25.2% because the Company has begun to increase production through the opening of new factory. Resulting in lower production costs per unit. The Company’s other income THB 2.5 MB and THB 4.1 MB Q3/2020

the principal distribution channel that has been increasing consecutively, from the customer base expansion in accordance to the Company’s strategy, as well as the fact that the Company has begun

according to new contract signed in June 2018. In 3Q19, total revenue stood at THB 9,413 mn, a 5.6% increase YoY. • Since 3Q18, CPN has started cost of rent and services recognition following the land lease