earners. The primary energy consumption in Q1/2018 has improved by 1.1% compare to Q1/2017 growing parallel to the overall economic performance which has risen mainly from the increase the exports and the

forecasted to increase 9.5 percent annually. The government has a policy to connect all villages to the national grid by 2020 and import more energy from neighboring countries to fulfil its growing demand

due to the recognition of special profits, while loan growth and credit quality were affected by the economic slowdown. The combined net profit of the commercial banking system was Baht 270.9 billion, a

domestic and international arena with a strong commitment in growing the energy business by innovatively develop the Energy Storage System (ESS) to become a leading, innovative and sustainable global power

a strong commitment in growing business by innovatively develop the Energy Storage System (ESS) as a System Integrator, by initially planning to build a pilot project of Lithium-Ion battery

favorite singers, Etc. all of which therefore result in the still growing well of the total usage amount. 2 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis

207.86 million and 2 1 6 .71 million respectively, growing at a rate of 4 .2 6 %. This signaled an improvement in domestic sales revenue in the fourth quarter of 2018 compared to the past third quarter

3.5% YoY. However, the money transfer service, of which the Company is the banking agent for 6 banks, has been growing consistently with 1,159,351 transactions per month, increasing 25.3% YoY, as well

payables paid by the Company and accrued dividend. Total equity was THB 1,229mn growing by THB 71mn or 6.1%. This was attributed to an increase in unappropriated retained earnings from 1Q and 2Q 2017

has been growing steadily due to the continued economic stimulus of the government and the economic pressure in previous year both from domestic and international have been reducing its negative impacts