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
(for 4Q19, total revenue of THB 599 mn and net profit of THB 110 mn). The difference versus GLAND’s reported statement of comprehensive income comes from the investment properties that the Company
tax expenses -5.80 -4.89 0.91 19% Net income for period 24.74 23.17 1.57 7% Earnings per share (THB) 0.08 0.08 0.00 0% FY 2018 FY 2017 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and
-year average of 68.0 percent. Consequently, employment contracted by 0.7 percent. Private consumption slightly softened due to stagnant farm and non-farm income growth. Moreover, household debt, which
67.51 million or 8.11% when compared with the same period in 2018. The decrease in revenue stemmed from a decrease in sales volume in European market. Income Statement ( million Baht) 3Q18 2Q19 3Q19 %YoY
Bt53.7 million or 5.5%(y-o-y). While the services income was Bt999.5 million increased by Bt33.3 million or 3.4%(y-o-y). As the growth rate of total revenue at 5.5%(y-o-y) was higher than the growth rate
for the year, net of tax 169.56 0.77 21,892.22 Total comprehensive income for the year 235.54 95.34 147.04 Basic earnings per share (Baht) 3.09 4.43 (30.25) Ocean Glass Public Company Limited Page 3/ 6
income (including revenue from finance lease under a Power Purchase Agreement) for Q1/2024 compared to Q1/2023 decrease 15.5% from Baht 1,740.6 million to Baht 1,471.4 million. The decrease of Baht 269.2
expenses -0.72 -5.45 -4.73 -87% Net income for period 0.01 28.10 -28.09 -100% Earnings per share (THB) 0.00 0.09 -0.09 -100% H1 2019 H1 2018 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and
-1.18 -50% Net income for period -1.68 14.96 -16.64 -111% Earnings per share (THB) -0.01 0.05 -0.06 -111% FY 2019 FY 2018 YoY change YoY % change Unit: Million Thai Baht (THB) Sales and service income