the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

THB 6.99 million which has decreased by THB 36.92 million or 84.08% from the 1st quarter of 2014 was THB 43.91 million, because of decline in the demand for goods. 3. Ports and Terminal Services and Ice

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

, decreased by 44.20 million Baht mainly from the advance payment of the project under construction, which would gradually decline following to the progress of the project. 2) Liabilities At the end of June 2 0

Trade and Current Po Current Po Short-term Other Curr Debentures Other non- Total non-c Total Share Assets As of the p higher tha investmen Liabilities As for the baht more term loan decline by times and

as at 31 December 2016 of Baht 2,629 million. The increase is due to the net profit for the period of Baht 315 million. On the other hand, the decline is due to dividend paid to the 6 Company’s

period of Baht 414 million and proceed from non-controlling interests of the subsidiary from increase capital of the subsidiary of Baht 54 million. On the other hand, the decline is due to dividend paid to

use the spandex instead of natural rubber, and the competition is quite high. As a result, the sales of the company of this group is likely to decline in the future. For elastic segment for adult

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak

) but decline in other expenses from 199 Million Baht (year 2017) to 96 Million Baht (year 2018) which 103 Million Baht decreased (51.75 percent). Moreover mentioned of other expenses are impairment of