) -2% Language institute 142.70 25% 110.48 20% 32.22 29% Restaurant 133.73 23% 146.40 26% (12.67) -9% Total Revenue 576.13 100% 564.08 100% 12.05 2% Cost 389.76 68% 362.28 64% 27.48 8% Gross profit

’ total revenue earned for Q1/2020 totaled Baht 333.29 million, decreased from the Q1/2019 totaled Baht 408.47 million, which was decreased of Baht 75.18 million or 18.40 percent. Sales Revenue The Company

- 2018 Balance by Quarter Change Q2–18 Q1–18 Q2–17 Q1–18 VS Q1–18 Q2–18 VS Q2–17 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,029.9 1,044.9 1,345.4 (15.0) (1.4) (315.5) (23.5) Total Operating Expenses

details are as follows; Operating Performance 1. Revenues Unit: Million Baht The overview of revenue for the 2nd quarter of the year 2018 by comparing to the same period of the last year, the revenue from

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

from deferred tax for the amount of THB 28.6 million. The net amount after amortization was 24.1 million in year 2017 Revenue from Hospital Operations Revenue from hospital operations in the fourth

for the three-month period ended 30 June 2020 Compared to the same period last year, the company’s performance increased Baht 24 million as the following reasons: • Total revenue decreased Baht (9

Baht (16.28) million or (174.6%) as the following reasons: • Total revenue decreased Baht (59.64) million or (13.5%) from Baht 443.08 million in Q2/2018 to Baht 383.44 million in Q2/2019. The main

Balance by Quarter Change Q1-2017 Q4-2016 Q1-2016 Q1-2017 vs Q4-2016 Q1-2017 vs Q1- 2016 (MB) (MB) % (MB) % Total Revenue 1,139.2 939.7 1,122.7 199.5 21.2% 16.5 1.5% Total Operating Expenses 960.5 790.6

Company and its subsidiaries had total revenue of 353.79 million baht, an increase of 55.57 million baht or 18.63 percent, with the total net loss of 175.13 million baht or increased 401.23 percent and net