economic of scale of the Eastern Polypack. 3. Selling and administrative expenses is increased by 139.92 million Baht or 8.06% mainly cause by increase in expense from Aeroklas’ international operation such

Analysis for the period 3 months June 30 ,2018 as follows:- Million Baht By Consolidation method The Company Q2/18 Q2/17 Q2/Different Q2/18 Q2/17 Q2/Different Sales and service income 978 1,037 -59 -6% 825

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

MACO’s performance was dramatically affected from lower advertising demand due to the COVID-19 pandemic and global economic uncertainty.  Consolidated revenue decreased by 25.9% YoY to THB 512mn o

from the economic slowdown as a result from the COVID-19 pandemic, which started in early 2020. Advertising business revenue increased by 3.1% YoY, a contribution of 44.0% of total revenue or THB 270mn

2017 PERFORMANCE ANALYSIS (YoY) In 3Q 2017, the Company once again achieved an outstanding top and bottom line performance compared to the same quarter last year supported by; 1) The consolidation of

contracted more severely than in the first quarter as a result of strict measures implemented worldwide to contain the Coronavirus Disease 2019 (Covid-19) pandemic which disrupted economic activities in many

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

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

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis Economic overview The tightening of COVID-19 containment measures in