40,268.20 21 32,077.80 17 27,473.80 15 22,875.10 16 39,307.30 20 29,123.00 15 32,858.10 21 17 Paper and Printing Materials 18 Fashion 50.00 1 50.00 1 500.00 1 19 Transportation and Logistics 8,000.00 1

258.25 million respectively, equivalent to a 37.37% decrease. Cost of goods sold to sales revenue ratio slightly increased from 33.00% to 35.42% because of the depreciation costs increased 23.84% and

, Ratchadapisek Road, Klongtoey Subdistrict, Klongtoey District, Bangkok, 10110 Tel. 0 2204 2601 Fax. 0 2204 2616 period of the year 2016, DCORP’s net loss increased by Baht 9.51 million or 108.19 percent. This was

quarter of 2015. Details are as follows: 1.1 Revenue from selling immovable property For the first six-month period of 2016, revenue from selling immovable property increased by Baht 228.55 million or a

, decreasing by 13% and others of 124 million baht. 5 -Allowance for doubtful account The Company and subsidiary companies have increased allowance for doubtful accounts from 2,259 million baht as at the end of

total usage amount was Bt10,337mn decreasing 0.8% YoY. However, the money transfer service increased continuously with average 30,553 transactions per day, increasing 17.6% YoY. As well as other services

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

) enhancing the variety of our media portfolio and expand our media coverage and 3) supporting the business operation of MACO in Malaysia, and 4) strengthening overall bargaining power from increased economies

is the continuous expansion of rental business at Lumpini Township Rangsit Klong 1. The income from rental at the project has increased 80% from the same period of the previous year. 3 Table 1: Income

attributable to equity holders of the company increased to 3.8%, increased from 20.9% to 24.7% as detailed hereunder, 1. Revenues from sales of real estate, in the period of the first quarter of 2020, amount of