MD&A - EN Report (Presentation) (1) 3Q24 MD&A Advanced Info Service Plc. 1 Executive Summary Sustaining core business growth alongside economic stability 3Q24 showed a modest growth in the Thai

from change in fair value of biological assets 9.70 Million Baht. The main cause is the value of economic trees that was recorded in the consolidated financial statements as at 31 December 2016

group is likely to decline in the future. For Exercise and Physical Therapy Band; the market portion is still taken by the major manufacturers together with the stable economic situation causing the sales

Yai, Chachoengsao and Rayong Branch (which started operating since 1 November 2018)). Industry Overview In 3Q18, Thailand’s overall economic growth accelerated from all major spending categories

revenue from sales. Comparing in terms of sales and gross profit, the company is still able to maintain a good market share as well as profit margin level during the economic slowdown since the previous

, public spending and tourism sector still expanded which resulted from low base in the previous year. (Source: BOT Press Release No.64/2019 on the Economic and Monetary Conditions for September and the

percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment

recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial

. In addition, it is also due to the increase in new media which has resulted in the allocation of advertising spending to various media and economic slowdown which has affected the spending of

due to economic slowdown, which results in a decline in advertising expenditure in print and advertising. Consolidated print and advertising revenue for the year-ended 31 December 2019 was 588.6 million