due to the 5 months consolidation of Trans.ad Group. SG&A to sales ratio decreased significantly from 33.5% in 2017 to 30.0% in 2018. Net profit attributable to the equity holders of the Company

amortization of Baht 3.68 million. Management’s remunerations were Baht 40.07 million, which decreased from the same period of previous year by Baht 8.31 million or 17.18 percent, due to the decrease in salary

Baht 4.17 million. Management’s remunerations were Baht 49.02 million, which decreased from the previous year by Baht 8.95 million or 22.34 percent. (2.4) Profitability Description Year 2019 Year 2018

Page 8 of 9 Share of profit (loss) from an associate and joint ventures The share of profit from an associate and joint ventures was THB 20.2 million, which decreased THB 63.3 million compared to the

first half of 2017, gross margin ratio of turnkey business is decreased compared to the same period of last year based on the increased scope of work of a project in order to complete the acceptance

1.78 million THB. However, the proportion of selling expenses to total revenue is decreased from 4.22% to 2.76% due to an outstandingly higher growth in revenue for the first nine months of 2017

incomes of Baht 11.47 million. It decreased by Baht 135.65 million, compared with the same period of the year 2016. This was mainly due to the termination of the satellite television co-production agreement

transportation cost decreased by Baht 0.76 million. (2.3) Selling and Administrative Expenses Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales Million Baht

administration expense • Reported net loss of THB 238mn, largely as a result of the aforementioned reasons above • Total assets as of 31 March 2019 stood at THB 53,181mn, decreased by 1.4% or THB 779mn from 31

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor