expense was THB 806 million, decreased by THB 196 million or equivalent to 19.6% over the same period last year, due primarily to disposal The 1 Business in 2018, effect to Deferred tax assets decrease and

one of the branded business customers having a delayed payment. - Inventories as of 31 December 2019, amounted to 8,964 million baht, a decrease of 5.3% from 2018 and increase of 16.7% from 2017. This

contributor the significant decrease in the selling and administrative expenses as well as asset impairment. The decreasing of selling expenses from property business were due to a decrease of selling and

According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the second quarter of 2021 increased by 7.5% (y-y) compared with a decrease of 2.6

franchise business on February 10, 2018. 3. Analysis of Operating Results Statements of Comprehensive Income – Consolidated (Million Baht) For 3-month period ended June 30, Increase (Decrease) 1st Quarter

Microsoft Word - 2020.08.10_1Q2021_MACO_MDA_EN_V3 MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020/21 ENDED JUNE 2020 11 AUG 2020 MASTER AD PUBLIC COMPANY LIMITED 1 QUARTERLY BUSINESS HIGHLIGHTS – 1Q 2020/21

the third quarter of 2018, Sales stood at 2,101.1 million baht or an decrease of 308.3 million baht or 12.8 percent decline as compare to the same period last year. For 9- months period of 2018, the

Banpong was on October 1, 2017. Page 16 Other Joint Ventures in Power Generation business: Unit : Million Baht GPS (JV) GEC (JV) NED (JV) GIDEC (JV) Other* (JV) Total Change Increase (Decrease) Quarter 3

of Baht 5.76 million, a decrease of Baht 36 million from net loss of the previous year. The main reasons for the substantial difference are as follows: Renewable energy business The Company reached

CPOA business starting from 1 October 2018, thus increasing the revenue from sales and services of this year. Details are as follows Incomes Jan – Dec 2018 Jan – Dec 2017 Increase (Decrease) Mimmion Baht