ended 2019 due to net loss. 5. Business Outlook The impact of outbreak of Covid 19 Pandemic was more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020

Revenue from Financial Solutions contributed 45.11mb (1H 2019: 54.21mb), decreasing by 9.10mb or 16.8%. Business in the ERP segment remains soft due to the weaker market outlook. With the ability to offer

Equity 46.3% 46.2% 42.0% Financial Ratio 5 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Company focuses on business adjustment

to the consolidated financial results of Golden Lime. 2. Outlook The global Covid-19 pandemic will affect the Thai GDP negatively by 6-8% this year as of BOT projections, while in FY 2021 with a bounce

Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis 2020 Management Outlook Although Thailand is caused by the COVID-19 pandemic that affects a number of sectors

dividend payment, and the decrease in shareholders' equity from treasury stocks. 5 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis 2019 Management Outlook For

Tangthai Avocado Kakigori and Mayongchid Cheese Pie, and To Go product groups such as Chocolate bars, French Butter Croissants, and Murasaki Imo Shokupan etc. 2021 Outlook Both the new outbreak of COVID-19

remains at A-(tha)/Stable Outlook. Shareholders’ Equity As of February 28, 2023, total shareholders’ equity attributed to owners of the parent amounted to 22,821 million baht, an increase of 2,932 million

/17 by 7-8 %. As such, the bottom line of Q3/17 is expected to be improved because the cost of production is manageable while we can improve the selling price. 2. Business Outlook on Q3/2017

whether or not there would be any proposals for such Trade Debt as mentioned above to SSG Group. On 4 October 2017, 2. Business Outlook on Q4/2017 Management’s Discussion and Analysis (MD&A) For Q3/2017 3