, and supply chain efficiencies. Selling and administrative expenses (SG&A) level of spending was at 23.0% of sales, in accordance with the phasing of advertising and promotion activities implemented to
freight saving. This does not have any impact on regional or consolidated EBITDA. 4Core EBITDA is Reported EBITDA less inventory gains/(losses) 5Core EPS is Reported EPS less inventory gains/(losses) less
business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items. Segments total
business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items. Segments total
in 20172, mainly due to an ongoing postponement of festivities subsequent to the mourning period over the passing of His Majesty King Bhumibol Adulyadej and the shrinkage of advertising spending in a
spending more time outdoors and its strength as being a medium to create brand awareness that reaches consumers when they are on the go. For Online media, Digital Advertising Association Thailand (“DAAT
remains sluggish, resulting in the contraction of advertising expenditures by 11.4% YoY to 26,351mn in the third quarter of 2017. Overall advertising spending was weighed down by TV sector (Analogue TV
was negatively impacted by an unexpected event in Malaysia, where a government-linked sector that is one of our major clients in airport advertisement has cut back its spending due to the country’s
purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators
; and depreciation & amortization cost of Bt986 million), an increase of Bt764 million in inventory, and an increase of Bt36 million in Goodwill. Total Liabilities Total liabilities decreased from Bt6,576