THB Mn %YoY Other income 11.0 173.0 0.9 (99.5%) (91.8%) 25.1 173.9 592.8% Change Other income comprised of income from insurance claims, interest income, rental income and others. In the first quarter

last year and also in fixed costs related to production maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average

Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 (1) higher membership fee income (2) higher interest income and (3) higher construction and set up income from opening new

from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

interest was THB 39mn  Interim dividend payment of THB 0.012 per share to be paid on 6 September 2019 KEY BUSINESS UPDATE THAILAND  MACO has successfully installed 180 Lightboxes and 42 LED Screens of

. Minority Interest) 51 53 62 18.2% 22.8% Gross profit margin 56.1% 62.4% 63.3% EBITDA margin 33.2% 31.1% 36.2% NPAT margin (from financial statement) 25.6% 18.7% 22.0% NPAT margin (exc. Minority Interest

demand for the product. (3) Selling expenses composed of fixed portion and variable based on sales portion amount to THB 205 million, decreased by THB 21 million or 9.3%, mainly due to reduction of

Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Finance costs 29.1 43.6 49.6 13.8% 70.4% 63.6 93.1 46.4% Finance costs comprise of interest expense from loans for the new investment projects, amortisation of

costs comprise of interest expense from loans for the new investment projects, amortization of prepaid transaction cost of borrowings and interest expense from lease liabilities. Finance costs QoQ

costs comprise of interest expense from loans for the new investment projects, amortisation of prepaid transaction cost of borrowings and interest expense from lease liabilities. Finance costs increase