) selling and administrative expense reduction according to the Company target.  EBITDA in Q1/2020 was Baht 90 million, an increase of 1,003% from Q1/2019 that recognized EBITDA Baht 8 million.  Thai

. Notwithstanding, the market volume of Thai vitamin C drink appeared to enjoy a pleasant growth rate Revenue from sales by product group Unit: THB million 2019 % 2020 % Amount Percent Branded products by our own

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED 4 13 May 2019 FINANCIAL POSITION From 1 January 2020, the Company has adopted Thai Financial

is invested and operated by Thai Flavour and Fragrance CO., Ltd. Operation Results The Revenues from Operations For the nine –month period ended 30 September, the revenues from sales and rendering

their concern on ability to manage liquidity and debt-servicing ability of households and businesses. Although the deterioration in credit quality affected profitability, Thai commercial banking system

trading) of Kiatnakin Phatra Securities Plc. for 3Q20 continued to increase to 11.91% from 10.26% during 2Q20, ranking 1st from total 38 brokers. Overall market environment The Thai economy in 3Q20

tax expenses: was THB 284 million in Q2/2020, increased by THB 254 million or 851% from Q2/2019 mainly due to an increase in deferred tax expenses arising from the implementation of Thai Financial

The fourth quarter of 2017/18 (ended 31 March 2018) 1 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 2017/18 17 MAY 2018 MEDIA INDUSTRY The Thai advertising market has been shaped by major

million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing

TRANSLATION As of 9 April 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the