Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue

from (1) decreased cash and cash equivalents as the Company repaid loans and invested in property, plant, and equipment for store expansion; (2) reduced trade accounts receivable since the Company

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q2/2019 and H1/2019 ended 30 June 2019 1. Q2/2019 Highlights Figure 1: Quarterly results  In Q2

as follows: • Cash and Cash Equivalent increased by THB 145 million as the company transferred all short-term investment to cash in order to maintain overall cash flow. • Land, Property, Plant and

cost of personal, rental and property expenses as mentioned above. For the third quarter of 2021, the Company had consolidated operating income of 1,055 million baht, a decrease of 278 million baht or 21

67% EBITDA 58 83 43% 172 306 78% Net Profit (Loss) for the Company 13 36 177% 4 118 2,850% Gross Profit Margin (%) 59.6% 62.9% 3.3% 57.3% 63.1% 5.8% EBITDA Margin1 (%) 30.1% 30.9% 0.8% 27.4% 32.1% 4.7

Page 1 of 9 Management Discussion & Analysis Q1/2024 Executive Summary 1Q2024 Financial Summary Financial performance of Advice IT Infinite Public Company Limited and its subsidiaries, as per the

No. CAZ 007/2019 15 May 2019 Subject: Management Discussion and Analysis 1st Quarter ended 31 March 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2018 1. Q4/2018 Highlights Figure 1: Quarterly results

attached hereunder: “ intermediary ” means a securities company or a derivatives intermediary. “ fund management company ” means a securities company licensed to undertake securities business in the category