-recurring revenue. As a result of consolidation, non-recurring revenue increased by 37.97mb or 33.8% increase year-on-year. Recurring revenue from Financial Solutions increasing by 4.35mb or 7.0% but offset
of 7.55mb or 36.1%. SG&A consists of mainly indirect staff costs, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the consolidation of TigerSoft’s result
screens in 5 provinces of Thailand with total media capacity of THB 200mn. The acquisition made MACO to become the leader in Outdoor media segment which that has total media capacity of more than THB
2017/18. The increase was mainly driven by encouraging growth in the Out-of-Home media sector as well as the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited
the consolidation of Rabbit Group under the common control basis. 1Adjusted for gain of fair value measurement in MACO at acquisition date, share of investment in JV and associates and non-recurring
media capacity of THB 200mn. The acquisition made MACO to become the leader in Outdoor media segment which that has total media capacity of more than THB 1,400mn and media spaces of more than 140,000 sq.m
Limited (“Roctec”). Roctec is the market leader in multimedia display systems and networking infrastructure solutions based in Hong Kong. MACO expects to obtain expertise in media solutions, system
revenue was THB 47mn. In this quarter, MACO recognised the full-quarter consolidation of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started since July 2019. However, the operation in Malaysia and
Express (Thailand) Limited (“Kerry”) with a total investment of THB 5,901mn. Kerry is the country’s leader in parcel delivery. Currently, Kerry’s services channel covers 1) Business-to-Business (B2B), 2
consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of Baht 38.6 million from office building in London, U.K. 3) Other revenue of Baht 82.5 million, which grew by