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
) (Debt Service Coverage Ratio: DSCR = EBITDA/หนีส้นิระยะสัน้ที่มีภาระดอกเบีย้ + สว่นของหนีส้นิที่มีภาระดอกเบีย้ระยะยาวที่จะถึงก าหนดช าระภายใน 1 ปี) อตัราสว่นหนีส้ินสทุธิตอ่ก าไรก่อนดอกเบีย้จ่าย ภาษีเงิน
regard, the SEC urges investors to be cautious in making use of news coverage on securities offering or fund establishment and listed companies? profit forecast, if it has not approved by the SEC or not
in order to stabilize the financial system. Nevertheless, as the COVID-19 situation has shown no clear sign of improvement and may persist throughout the first half of this year or beyond, pending the
infrastructure investment will help support confidence and therefore encourage investment in the private sector. However, the sluggish improvement in agricultural and non-agricultural income as well as high
, driven by improvement in the aromatics, PET, olefins and fibers, offset by IPA normalization. Annual production increased by 14% YoY to 10.4 million tons, driven by PET acquisitions in Brazil and Egypt
the same period last year, respectively. Meanwhile, private consumption increased gradually, as a recovery in purchasing power remained tepid. Private investment has shown signs of improvement
for consumption to decelerate. Government investment expanded as a result of the disbursement for mass transit and telecommunication projects, while private investment, in spite of signs of improvement
RPK decreased, compared to last year, it was in the positive relationship with the growth of overall ASK, which led to the improvement of the overall average passenger load factor in 2018 (Source
arrivals rose by 9.1 percent from the same period last year. Private consumption grew consistently in tandem with an improvement in private investment, particularly in export-oriented industries. Public