. The increase was predominantly due to the consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of Baht 40.9 million, which grew by Baht 31.4 million or

last year. The increase was predominantly due to the consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of THB 43.4mn, which fell by THB 10.0mn or 18.7

as expenses from setting Corporate shops / consolidation in the Flexiglass’ expense (the new acquisition in that recently acquire in the beginning of 2018) / Research and development cost in new

. Excluding the consolidation of our Outdoor and Digital Services business, our revenue improved organically by 19.8% against a backdrop of double digit decline in overall advertising spending. Despite the

significantly by 222.5% YoY to THB 1,481mn, predominantly due to the consolidation of the acquired hotel business in Europe (Vienna House), the improving operating performance of our hotels in Thailand and the

significantly by 139.5% YoY to THB 1,791mn, predominantly due to the full quarter consolidation of the acquired hotel business in Europe (Vienna House), the consolidation of assets from the Entire Business

of Eye On Ads Company Limited, a wholly-owned subsidiary of MACO, to acquire 70.0% of COMASS Company Limited (“COMASS”) with a total investment of THB 355mn. With 19 years of experience, COMASS secured

newly issued ordinary shares. The company received RO proceeds of THB 1,376mn, which was used to acquire the remaining shares of Multi Sign, invest in Trans.Ad and reserve to invest in VGI Global Media

creating brand awareness to an extensive reach. Over the last few years, the outdoor media segment has witnessed the consolidation into a few well-resourced media operators in order to increase

the consolidation of Multi Sign Co., Ltd (“MTS”) and COMASS Co., Ltd (“Comass”) of MACO, which was acquire in October 2016 and July 2017, respectively. These acquisitions have shifted the Company OOH