4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

target group of customers can maintain their purchasing power. For recurring income business, in November 2019, the Company kicked off the construction of “Hotel Kitch”, a 72-room hotel that will be

quality and advanced technology also allowed AIS to attract and retain high-quality customers. Non-Mobile enterprise business reported a revenue of Bt1,339mn, growing 2.2% YoY and 0.7% QoQ from industry

continuity of our electricity and utilities supply system such as implementation of Business Continuity Plan (BCP) and Work from home arrangement for supporting staff and preparation of safe house for field

. Report of Information Memorandum on the related party transaction of Safari World Public Company Limited; Compensation for business design and the hiring of Cherdchaiwon Company Limited for production and

marketing with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS REVIEW – 3Q 2019  Consolidated revenue increased by 54.0% YoY to THB 748mn o

proven itself to contribute positively to the performance of the company. We expect to see continued growth from O2O Solutions across all business units for the remainder of the year. IMPORTANT EVENTS IN

with business partners. However, in regards to the current economic situation which is in an improved trend but the risks to asset quality remained in concerns. The Company therefore remains cautious in

fiscal year 2023, the Company has total new sales and credit card spending increased by 4% y-y, mainly due to the continual increase in credit card spending and marketing with business partners. However