, total revenue decreased by 31.8% and net profit decreased by 65% YoY). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result of

third quarter and for the nine-month period ended September 30, 2018 as follows: The consolidated operating result for the third quarter ended September 30, 2018 The Company reported net profit of Baht

JAS Asset Management Discussion and Analysis, Q3/2019 Page 1/4 - Translation - No. J62/010 13 November 2019 Subject: Management Discussion and Analysis, 3rd Quarter Ending 30 September 2019 To

% 42.15% 40.46% EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 5 Gross Profit of Tap Water Business for 9M/2017 was 432.68 million

media assets, which generated negative gross profit and are duplicated in the areas. This optimisation will enable MACO to gain greater efficiency on Domestic Advertising performance under management of

Management Discussion and Analysis Q1/2018 Page 1/4 JAS Asset Public Company Limited - Translation - IR61/006 10 May 2018 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2018

. Moreover, revenue from films’ distribution decreased because there were less movies comparing the quarter ended March 31, 2017. Cost of the Production and Service and Expense of Selling and Management 1

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

, compared with 63.58% for the same period last year. The increase in gross profit margin was mostly because the Group had better cost management especially the reduction in the price of raw material which is

%) Executive Summary PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Operating performance by plant in Q3/2019 The company’s gross profit was at Baht 5,467 million in Q3/2019 which decreased by 535