contribution from GHECO-One; despite favourable impact from higher Gross Profit from Operation, lower Finance Cost and lower Income Tax Expense. 3 Normalized Profit attributable to Owners of the Parent The
revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis
due to the stimulus policy from the government in relation to telecommunication industry giving a positive impact towards the Company in winning many new contracts and consequently resulting in a
minary opini and and stru prising two 1.5-storey f land with Mai District, rea of 2 rai, Khon Kaen a total area ; and comprising a 3-storey any impact gage in the In addition, penditures. vel and the for
1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and
protest in Hong Kong, the opening date of the branch may have to be reconsidered, waiting for the situation to relieve. However, despite the postponing of the opening date, the subsequent impact of the
long-term debt obligation to comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating Results Despite the fact that the economy
grades. during the current period. These factors are likely to impact the results of Q3 2019 but with the completion of Government formation process and discussions on providing stimulus to revive the
to comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating Results The Corporate Group expects the trend for the 2nd Quarter
integration for brands by creating impact and awareness through offline OOH media, engaging target audience with online media channels through our behavioural data network and lastly activating the conversion