attendant growth in demand for advertising. By making use of the long experience and strong knowledge of the Company, we believe that MACO is well positioned to enter into the next round of accelerated growth
results for the Quarter 1’ 2018 Page 6 / 6 operate the business in the first quarter to set marketing strategy for appropriate the business environment in each area. We believe that sales and service income
business is generally lower margin than MACO’s core business, net profit margin slightly decreased to 14.4% from 22.9% in 3Q 2017. Nevertheless, we believe that MACO will benefit from economies of scale
advertisement in each area for increased sale. We believe that sales and service income will grow as continuously and reduce the cost of sales and services that are currently available. And the result is good
both SAP Business 1 and Oracle Netsuit for the more cloud savvy customers, we believe we will be well position to pick up businesses when the market sentiment improves. The recurring and non-recurring
tourism. We believe that AH will benefit from the turnaround of the automotive industry and that a turnaround will be likely from deferred demand dictated by overall economic situation and limited
the rules or conditions set forth in this Notification, but the circumstances led to believe that the intentions for or the substances of such establishment are to avoid the provisions of the law
establishment has features or form that are in accordance with the rules or conditions set forth in this Notification, but the circumstances led to believe that the intentions for or the substances of such
, including the acquisition of Medco Plast in November 2018 and further expanded with acquisition of BEVPAK in Africa in 4Q19. We believe that this segment’s performance is in-line with the growing demand for