MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019 Consolidated revenue increased by 161.5% YoY to THB
in the same period of the previous year which increased by 27.1 percent due to the Company and its subsidiaries have set one time provision for additional employee benefits at the amount of 3
increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening
& distribution expenses were 2.39 percent, increased when comparing to 2.06 percent of revenue from sales and service in the same period of previous year. This is due to the decrease in sales due to the impacts on
) 3.0% 5.7% -2.7% Total revenue decreased by 11.3% year-on-year. Sales and service income decreased by 10.8%; automotive parts businesses decreased by 16.0% while dealership businesses increased by 3.1
2017, credit demand from large corporates increased with a major need for working capital and investment in fixed assets for some types of businesses. Demand for loans from SMEs has stabilized as the
total cost increased 5.2% YoY. Total administrative expenses decreased 2.8% YoY. Gross profit ratio and operating profit ratio stood at 48% and 34.8%, respectively. Net profit decreased 8.7% YoY. Overall
amortization cost of right-of-use of assets (ROU) increased THB 387 mn (for the first six months of 2020, recognized cost of rental and services net decrease of THB 449 mn mainly from cost of operating leases
Company for second quarter increased by 57.0 percent compared with last year. Unit: million baht April-June January-June 2020 2019 Variance 2020 2019 Variance MB % MB % WFS-PG Cargo Company Limited 137.5