of the revenue from the expansion of Baht Million 2017 2018 +/(-) +/(-) % 1. Content Business Revenue from sales of program rights 1,070.71 1,317.74 247.03 23.07% Cost of program rights 637.38 834.39

bonus payments to employees and executives for the year totaling 20.64 million baht. In addition, trade and other receivables increased by 18.36 million baht (due to many business expansion) and

there was an expansion in Sales’ department’s headcounts and the Company also held campaign for Customers visiting factory to promote Company’s products. 2.3. Administrative expense for three month-period

million baht due to expanding LCL work has also increased number of staff and the office has been relocated to support such expansion, resulting in cost of moving and amortization of original office

will grow as continuously and reduce the cost of sales and services that are currently available. And the result is good operation. 5.4 Focusing on business expansion to CLMV countries (Cambodia, Lao PDR

central bank is likely to keep interest rates low for the foreseeable future. Economic indicators for June and the second quarter of this year suggested an expansion in private investment and consumption

Kong. Roctec has an enviable track record as systems controller and media manager of MTR Hong Kong. MACO expects that the investment in Trans.Ad and Roctec will support the expansion of our digital media

for overseas business expansion. Additionally, the Company continued to be adversely affected by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare

from the expansion of business of the Company due to the increase of cost of program right which was invested during the period to support the business growth. In addition, the Company has an outstanding

decline by dropping 43.48% compared to the same period last year as sales in China stagnated since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the