the full-quarter consolidation of International Advertising segment, which was the main driver in increasing the cost-to-sales ratio from 62.1% to 88.6% in this quarter. VGM’s cost structure is higher
consolidation of Rabbit Group under the common control basis. 1Adjusted for share of investment in JV and associates before tax. 2As shown in financial statement, excluding minority interest. 3Net profit excluded
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
Billboard and Other revenue of THB 150mn, Street Furniture and Digital revenue of THB 111mn and System Integration Services revenue of THB 428mn. The revenue growth mainly resulted from the consolidation of
-recurring revenue. As a result of consolidation, non-recurring revenue increased by 37.97mb or 33.8% increase year-on-year. Recurring revenue from Financial Solutions increasing by 4.35mb or 7.0% but offset
weighted in non-recurring revenue. As a result of consolidation, non-recurring revenue increased by 17.72mb or 35.5%, reversing from a dip in non-recurring revenue in previous quarters. Recurring revenue
segments while leverage synergies from acquisition. With CSL combined, in 2018, service revenue (excluding IC), is expected to grow in a range of 7-8%, 2% of which is from full consolidation of CSL. Through
2014 6 TSE vs OSE: Strategic consolidation 7 Importance of study on RTOs • Regulators need to strike balance between investor protection without delineating potential firms to enter the exchanges
gross profit of 24.21mb for the 1H 2020. Excluding the impact from the consolidation of TigerSoft, HUMAN’s gross profit would grow 13.99mb or 11.1%. Selling and Administration Expense Selling and
increasing 63% YoY and 51% QoQ, mainly from the consolidation of revenue from CSL. • Interconnection charge (IC) and equipment rental were Bt1,418mn increasing 31% YoY and 28% QoQ. Since Jan-18, the new IC