36.60 1,215.38 29.51 233.52 19.21 Processed Food 176.10 4.45 200.20 4.86 (24.10) (12.04) Total Sales 3,958.50 100.00 4,119.33 100.00 (160.83) (3.90) Revenue from Sales The consolidated revenue from sales

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

from Sales The consolidated revenue from sales for 3Q2017 were THB 4,399.39 million, slightly decreased by THB 11.12 million or 0.25% down from 3Q2016, revenue from chicken processing segment increased

quarter of this year. However, despite the increase in consolidated revenue compared to the same period of last year, the company-owned products (excluding Kuron’s) generated lower sales after being heavily

for the Period Ended December 31, 2017 Business Overview For the year 2017, Ocean Glass Public Company Limited and its subsidiaries (“the Company”) reported consolidated sales revenue of Baht 2,166.69

comparing to 1Q2019 and lower revenue of chicken processing business which decreased by THB 106.27 million or 6.44% down comparing to 1Q2019. The consolidated gross profit was THB 539. 71 million in 1Q2020

status to that of a subsidiary since January 3, 2018. Total Revenue Consolidated sales revenue declined from Bt14,195.4 million in 2017 to Bt13,982.5 million in 2018, representing a slight reduction of

* Excludes foreign exchange rate effects and gain on equity interest in an associate] Sales Revenue Consolidated sales revenue in Baht terms declined slightly to Bt3,113.9 million in 1Q19, representing a

-71.5% [Remark* Excludes foreign exchange rate effects and change in retirement benefit provisions.] Sales Revenue Consolidated sales revenue in Baht terms declined slightly to Bt2,992.8 million in 2Q19

2,311.5 2,457.1 Gross margin, % 23.99% 20.36% 21.09% SG & A 429.9 372.4 403.1 Net Profit per F/S 424.8 251.8 +68.7% 268.6 +58.2% 13.03% 8.68% 8.63% Sales Revenue Consolidated sales revenue in Baht terms