increased by 23.4% to THB 273mn from THB 221mn last year. Net profit margin decreased to 15.6% from 23.6% in 2017. In the future, we expect MACO will benefit from economies of scale synthesised from Trans.Ad
the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS
growth in comparison to admin expense growth. • In 2019, net profit was THB 237 million which increased by THB 90 million or 61% from 2018, due to operational efficiency and economies of scale of operating
production base for each model at one location in ASEAN region and each country can make the price competition based on Economics of Scale which is used as the criteria on selection and decision. This is the
มีปริมาณการผลิตเพิ่มข้ึน (Economy of scale) จากกิจกรรมการผลิตหลักของบริษัท -บริษัทฯ มีรายได้จากการขายและบริการและก าไรจากโครงการขายเครื่องจักรและอุปกรณ์ตามสัญญาการซื้อขายเตาที่ ได้มีการส่งมอบสินค้าให้
subscribers. However, the scale of overall subsidized campaigns has been controlled. Pricing environment has been stable and slightly improved on the high-end segment after a raise in minimum ARPU of unlimited
economy of scale which will improve profitability of the company in the future. Overview of World Steel Industry According to the World Steel Association’s report on world crude steel production was 428.2
the back office. • For the first 9 months (9M) of 2019, net profit was THB 187 million which increased by THB 88 million or 89% from 9M/2018, due to operational efficiency and economies of scale of
% 13.6%18.7% 13.0% • For the first half (1H) of 2019, net profit was THB 123 million which increased by THB 63 million or 105% from 1H/2018, due to better operation and economies of scale of operating 38