previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased

, driven mainly by exports sector, private consumption, government spending and investment. In the fourth quarter, Thai economic growth is expected to be driven by government initiatives such as Low-income

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

the street, in office buildings and in shopping malls. These changes have resulted in the significant growth of outdoor and online advertising and the decline of traditional media, as brands and clients

is the continuous expansion of rental business at Lumpini Township Rangsit Klong 1. The income from rental at the project has increased 80% from the same period of the previous year. 3 Table 1: Income

sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

Speciality Chemicals segment to be growth segments. The acquired business is fully integrated downstream in Surfactants (used in personal and home care) and in Propylene Oxides (used in insulation and foam

have been Baht 1,235 million which was higher than Q3/2018 total sales of Baht 1,204 million, a growth of 3% YoY.  In 9M/2019 ending 30 September 2019, the Company and its subsidiaries recorded total

B7, which increased from B3, B5 and B7 in previous year. Fatty Alcohols(FA) market in 2017 had improved from previous year, driven by demand for Natural FA since its price could compete to Synthetic FA