8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights The Consolidated Revenue for the Quarter stood at

fair value measurement in MACO at the acquisition date of THB 207mn PERFORMANCE ANALYSIS (1Q 2017/18 vs 1Q 2016/17) In 1Q 2017/18, the VGI Group reported a consolidated operating revenue of THB 852mn, an

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

amount of Bt57.4 million in 2019 in accordance with an amendment of the Labor Protection Act on April 5, 2019. Sales Revenue Consolidated sales revenue in Baht terms declined from Bt13,982.5 million in

make further decision. 2. Operating Results (Company and Subsidiaries) Total revenue of the consolidated financial statements for Q3/2019 amounted 72.6 million baht compared to Q3/2018 with total revenue

revenue of the consolidated financial statements for Q2/2019 amounted 73.8 million baht compared to Q2/2018 with total revenue of 80.0 million baht, decreased 6.2 million baht or 7.7 percent. Performance

QUARTERLY BUSINESS HIGHLIGHTS – 3M 2020 Consolidated revenue decreased by 13.7% YoY to THB 612mn o Advertising revenue increased by 3.1% YoY to THB 270mn o System integration services revenue decreased by

revenue a lot in Consolidated Financial Statement. The revenues can from the four hospitals are broken down as follows : - Ramkhamhaeng Hospital 1,089.94 million baht - Vibharam Hospital 1,045.09

increased revenue a lot in Consolidated Financial Statement. The revenues can from the four hospitals are broken down as follows : - Ramkhamhaeng Hospital 964.49 million baht - Vibharam Hospital 890.13

% Change Revenue from management service 755.10 818.35 (63.25) -7.73% Cost of management service 692.56 762.24 Gross profit 62.54 56.12 6.42 11.44% Gross profit margin 8.28% 6.86% Consolidated financial