6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

expect 2018 to be another year of impressive growth for MACO. This will be driven by the full year consolidation of COMASS, the expansion of LED billboards to 50 screens (35 screens as of February 9, 2018

support sales growth as well as business expansion of oversea subsidiaries. In terms of proportion to total revenues, operating and administrative expenses represented 43% of total revenues, improving from

the growth in Company and its K. W. METAL WORK PUBLIC COMPANY LIMITED Head office 259/83 Sukhumvit 71 road, Phrakhanong-nur, Wattana, Bangkok Branch 1 300/142 Moo. 1 Tambon Tarsit, Amohoe Pluag-daeng

% YoY. The revenue comprised Billboard and Other revenue of THB 153mn, Street Furniture and Digital revenue of THB 108mn and System Integration Services revenue of THB 428mn. The revenue growth mainly

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

growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome

targeted gross profit margin. Regarding branch expansion in the first quarter, the company did not open any new stores. As of the first quarter of 2020, the Company has 84 HomePro stores, 9 HomePro S stores

% (y-y) in the first quarter. The main supporting factors were the return-to-expansion of export goods and private investment. On the other hand, the third wave of the COVID-19 pandemic continues to

because an increase of export and private consumption, as well as an expansion of government investment. In addition, the domestic tourism sector also improved due to the government continued relaxing