forecast from the Bank of Thailand's (BOT) stating that the Thai economy will begin to recover in 2022 following the indicators of economic growth (GDP) at 3.9 percent, driven by higher domestic consumer

recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0

capture growth and bolster our leadership in OOH media business in overseas markets. BUSINESS OVERVIEW AFTER THE RESTRUCTURING MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY

), e.g. beverages, alcoholic beverages and cigarettes. RTD fruit juice market and growth is as shown in figure 2 (Source: Nielsen). Figure 2: MAT Sep 2018 RTD Fruit Juice Market Value breakdown by Market

divestment U City reported total consolidated revenue of THB 1,992mn in 1Q 2020. This represented an increase of THB 531mn (or 36.3% YoY) from THB 1,462mn in the previous year. The revenue growth was

possible; the branch has already been constructed and decorated. In addition, the Company has already test- run the logistics of raw materials and store equipment from Thailand in order to be most ready

. Moreover, after the COVID-19 pandemic, consumer lifestyle has returned to normal, which led to the slowdown in growth of the IT and innovation product market in 2023. Moreover, external factors, including

, export branded sales continued to grow significantly from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. After all, sales have bottomed out from Q3/2018, growing 8% QoQ with growth in

growth was chiefly attributed to (i) higher operating revenue from the hotel business in Europe, which contributed operating revenue of THB 1,256mn, an increase of 9.4%YoY or THB 108mn; (ii) consolidation

& Calpis grew 1.5% YoY and above market growth. C-Vitt became #1 brand in functional drink with market share of 23.3% in Q3’18 from 16.9% in Q2’18. Domestic Personal Care grew 9.1% YoY. At constant FX