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
of scale. VGM Business Overview* *More commentary on the VGM transaction can be found in Report on http://maco.listedcompany.com/newsroom/270620181831240885E.pdf, http://maco.listedcompany.com/newsroom
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
P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT * The Company restated the financial performance from 26 January 2017 after the consolidation of VGM under the common control basis. 2018 PERFORMANCE ANALYSIS
prevention making it possible to complete the project even more. In addition, the several large-scale projects were due for delivery in this quarter such as the Purchasing and Installation of Cloud Project of
coverage and 3) supporting the business operation of MACO in Malaysia, and 4) strengthening overall bargaining power from increased scale. VGM Business Overview* *More commentary on the VGM transaction can
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
the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS
. 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
added 53,300 subscribers amidst competitive market, delivering revenue growth of 26% YoY and 2.1% QoQ. The focus of AIS Fibre remained on quality customer acquisition and service as we continue to scale