155 million from the new TFRS 16 - Lease. The depreciation and amortization in 1Q20 were Baht 149 million increased by 61.9% YoY as a result of the implementation of TFRS 16 - Lease in 1Q20 of Baht 84
2020 and the government sector has launched remedial measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth
visiting the Company’s projects significantly increased comparing to that during the outbreak period. Additionally, one more ultra luxury single detached house at Santiburi The Residenses project was sold in
recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0
MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019 Consolidated revenue increased by 161.5% YoY to THB
increased by 74.2% YoY to THB 2,954mn o Advertising revenue increased by 28.9% YoY to THB 1,358mn o System integration services revenue increased by 148.5% YoY to THB 1,596mn Ongoing revenue recognition
the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the
headcount. This will help not only strengthen our core platform but also ensure sustainable long-term growth. In addition, the Company set aside additional provisions for employee retirement benefits in the
Million, representing an increase from the previous year by Baht 2,160 Million or 16. 3 percent. The revenue increased from all 3 businesses but mainly from the Si Rat-Outer Ring Road Expressway ( SOE) and