the company. Expand investment to create stability and growth in the future. Generally, solar cell projects have contract period of 20-25 years, guaranteeing the fixed revenue during that period. The

านราคาในตลาดโทรศพัท์เคลื่อนที่มกีาร ปรบัตวัดขีึน้จากการถอนแพก็เกจดาต้าแบบใชง้านได้ไม่จ ากดัด้วยความเรว็ คงที ่(Fixed-Speed Unlimited Data) และตลาดในภาพรวมมกีารทยอยปรบั ราคาแพก็เกจดาตา้ใหสู้งขึน้ ส่งผล

higher purchase of fixed assets in 2019 compared to 2018. Net Cash from Financing Activities The cash flows from financing activities increased from THB -72.6 Mn in 2018 to THB 215.8 Mn in 2019, an

freight services to revenue of 209.53% increase from the 2nd quarter of 2018 of 99.25% by 110.27. Due to the reduced income, unable to the allocation of fixed costs. Selling Expenses In 2nd quarter of 2019

, increased by 1.67 million baht from the same period of last year. The increased mainly came from loss on fixed assets sold in the amount of 1.00 million baht. There were also an increased from other expenses

due to last year the subsidiary company had loans with financial institution in the amount of Baht 10 million with fixed interest rate at 4.75 percent per year and brought forward to increase in current

Equity (times) 0.4 0.3 Return on fixed assets5 (%) 62.4% 79.4% Debt to equity (times) 0.0 0.1 Asset turnover (times) 0.4 0.6 7 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31

10 years and a maturity date in 2028, and bear a fixed interest rate of 4.50 percent per annum. Payment under the notes is guaranteed by the Company. The net proceeds from the issue of the new notes

fixed assets5 (%) 65.7% 66.7% Debt to equity (times) 0.4 0.0 Asset turnover (times) 0.6 0.5

capacity to be in line with a slowdown in inventory turnover from sales revenue setbacks. This reduction in production capacity is expected to affect fixed cost allocation and marginally increase production