1H/ 2017, accounted for 22.85% increase due to the introduction of 9 new branches compared to the same period last year. The Group had other revenues of THB 5.61 million in 1H/ 2018 which increased

Management discussion and analysis /Page 2 - Efficiently cost and expenses control measure such as managing staff productivity, marketing expenses control by shift to more social media and digital marketing

zero lost time injuries in Q4 2018 and 2 LTIs for the entire 2018  Revenue: 269mTHB in Q4 2018 compared to 212mTHB in Q4 2017 an increase of 27%; 2018 full year revenue of 1121mTHB compared to 920mTHB

1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

30.8 percent increase from last year, due to the recognition of special profits from the sale of investments. At the end of 2019, loan growth in the Thai commercial banking system decreased to 2.0

% YoY to THB 14,125mn. Meanwhile, Outdoor media– segment which MACO focuses on – bucked the trend, increased by 12.8% YoY to THB 6,391mn. In recent years, advertising industry has witnessed the shift in

declared as the “Year of Shift”. It is the opportunity for the organization, high-ranking executives and staff to revise the business model in order for the organization to achieve stable growth and the goal

system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated

Baht 0.40 and 0.83 respectively. The decreased loss is due to the major transactions as follow: 1. The increase of net earned premium in this quarter compared to the same period of last year in the

decrease of 7% YoY and increase of 10% LTM 2Q19. Three of our five segments, namely Integrated PET, Fibers and Packaging, which constitute around 89% of capacity, contributed to 94% of the core EBITDA. The