reasons were an increasing of new collector, commission from debt collection, postage expenses and legal expenses incurred from litigation process. While, the Company’s gross profit margin stood at 57.6

of June 30th, 2019. The Group has an increase of Shareholders’ Equity amount of 908.5 million baht, or 10.3%, compared to the year 2018 (December 31st, 2018) mainly from the increasing of business

, increasing at Baht 27.17 million or 266.63 % compared to the year 2017. 1.2.1 Gain on disposal of investment property amount of 12.21 Baht million , the subsidiary has sold a plot of land of title deed No

increased by THB 126.92 Million or 8. 06% compared with December 31, 2019. The increase of total assets mainly came from increasing in trade receivable and other receivable together with inventories due to

company in the year 2018 at Bath 37.36 million, increasing at Baht 27.17 million or 266.63 % compared to the year 2017. 1.2.1 Gain on disposal of investment property amount of 12.21 Baht million , the

10.31425 billion THB, increasing 10.46% and 24.04% from 2018 respectively. The financial liquidity has efficiently been managed, therefore, the interest bearing debt to equity ratio and the debt to equity

MASTER AD PUBLIC COMPANY LIMITED 2 13 May 2019 2Q 2020/21 CONSOLIDATED P&L SNAPSHOT *Net profit (loss) attributable to equity owner of the Company Revenue by segments (THB mn) 2Q 2019/20 Restated 1Q 2020

of profit from investments in associates, net - 133 (133) -100.0 Non-controlling interests of the subsidiaries (3) (3) - - Profit attributable to Equity holders of the Company 937 3,119 (2,182) -70.0

, Assets . . . .% Liabilities . . (.) (.%) Shareholders' equity . . . .% Issued and fully paid-up common share (Million Share) . . . .% Par (Baht) . . . .% . Assets Overall asset in the six months of

the Period - The Company’s Equity (0.73) (6.33) (5.60) (88.47%) - Non-controlling Interest 0.63 0.03 0.60 2,000.00% Management's Discussion and Analysis and operating results for the Quarter 1’ 2019