based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, and return on investment in other companies. Therefore, there was
completed in December 2019. Moreover, the average interest rate of debentures during Q1/2020 was higher than that during Q1/2019. Net Profit In Q1/2020 the Company had consolidated net loss of THB 139.5mn
as an increase of shareholders’ equity. Consolidated 2020 2019 Current Ratio (Times) 0.65 0.64 Interest-bearing Debt to Equity (Times) 2.41 2.49 Cash Flow (Unit: Baht Million) 31/3/2020 31/3/2019
June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1
consolidated financial statements for the three-month period ended 30 June 2019 and 2020 Revenues Q2/63 % Q2/62 % Change +/(-) Revenue from hotel operations 34 6% 279 69% (88%) Revenue from property development
presented in the Notes to consolidated financial statements No 2. The Company and its subsidiaries had total revenue and profit of baht 15,333.29 million and baht 1,266.52 million respectively, a decrease of
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
than 2.5 times as stated in loan and debenture agreement. * The operational results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business
, lifestyle, retail and dining destination. Page 2 of 7 Management Discussion and Analysis 2Q2019 Performance Summary Consolidated Statement of Comprehensive Income 2Q18 2Q19 % Y-o-Y THB m % THB m % Revenue
Consolidated Interim Financial Statements the three-month and the nine-month period ended 30 September 2019, which have been reviewed by the Company’s authorized auditor. The company would like to clarify the