Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc./(Dec.) % Construction income
11 FEB 2019 1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The overall Thai advertising market has been
cardholders. For overseas business in Cambodia, Myanmar and Laos, they have active customers more than 224,735 with representing 8% of total company customers. The Company and subsidiaries are managing
directors and shareholders Regarding the business operation and progress tracking of the Company, the Company shall conduct in accordance with the laws, regulation and relevant notification of the Securities
Cards (million cards) 6.24 6.31 Branches Bangkok Province 103 สาขา 29% 71% 100 สาขา 30% 70% ATMs (machine) 411 401 Affiliated Dealers 6,463 6,381 2 For overseas business in Cambodia, Myanmar and Laos
decline in consumption of Construction Sectors, as well as Steel Sectors. However, the Company still maintains the operation at 15 hours per day in order to keep production capacity at high level and, at
realized the revenue of 43.04 million Baht from the decreased in sales volume by 22.54 % due to the plant improvement. 1.4 Sea Freight Service AIL has ceased its business operation and sold its last vessel
main reason that AIL has ceased its business operation and in the process of liquidation. Selling Expenses The Company and its subsidiaries’ selling expense are mostly consists of domestic freight (In
= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec