0.5% in domestic business. However, the domestic operation still showed a recovery quarter- on-quarter, with a growth of 4.7% from the 2Q/2019. Overseas sales were THB 1,780 million, increased by THB

2020. For credit card expansion, in this quarter, the Company cooperated with Bangkok Smartcard System Company Limited (Rabbit Card) to launch AEON Rabbit Platinum Card, which offering many privileges

2020 was at 15.9% (data from Department of Energy Business, Ministry of Energy). Moreover, expansion of the service stations went about simultaneously with the development and expansion of Non - Oil

day or next day delivery, as well as click-and-collect. • Online Selling Platform: With the Omni Channel Platform, stores provide support for online orders to enable capacity expansion for click-and

stagnated for 85% since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify its revenue streams which mitigate the risk of

support sales growth as well as business expansion of oversea subsidiaries. In terms of proportion to total revenues, operating and administrative expenses represented 43% of total revenues, improving from

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

) enhancing the variety of our media portfolio and expand our media coverage and 3) supporting the business operation of MACO in Malaysia, and 4) strengthening overall bargaining power from increased economies

to the expansion of the electric train network to more outer city locations. In addition, this group of customers has the objective of buying for real residence and there is still fluctuation of demand

growth in revenue from sales of goods in the amount of 261.99 million baht, increased by 12.51 million baht or 5.01% from last year. Resulted from an increase in sales from the product ‘Discs plough’ since