expanding through TV media and online channels. This is the core business of Shop Global (Thailand) Ltd. that the Company has invested in. And this will be another sales channel for expanding market and sales

foreign exchange hedging at Baht 2.1 million. Other income reported at Baht 0.9 million from transportation, sales of scraps, and obsolete equipment. Gross profit margin slightly increased from 32.2% to

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

advertising and marketing tools. 2018 was another all-time high financial record for MACO – a culmination of 4 consecutive years of record-breaking achievement – having achieved revenue and net profit of

690mn o Advertising revenue decreased by 0.8% YoY to THB 262mn o System integration services revenue was recorded at THB 428mn  EBITDA increased by 14.7% to THB 115mn  Net profit excluding minority

to slower sales in institutional sector and domestic market while export sales grew by 0.2% by strengthening distribution channels in countries beyond core markets. The Company reported gain from

size 1. Total value of compensation Baht 113.90 million 1/ Baht 2,651.20 million x 100 4.30% 2. Net Total Assets (NTA) 55% x Baht 263.86 million 2 / Baht 1,578.01 million 9.20% 3. Net Profit Cannot

อินฟราสตรัคเจอร์ อิควิตี้ เฮดจ์ ) Lazard Asset Management Pacific Co. วันที่จดทะเบียนจัดตัง้ กองทุน 27 กุมภาพันธ์ 2555 อายุโครงการ ไม่ก าหนด ดัชนชีี้วัด (Benchmark) MSCI World Core Infrastructure Index

and Creative Businesses? Project focuses on companies having specified core businesses with value creation or value-added products and services, and incorporated not less than two years. They are