Selling expenses and administrative expenses to total revenue (%) 43.85% 41.89% 1.95 44.79% -0.94% 44.28% 40.10% 4.18 Net profit margin (%) 2.10% 1.48% 0.62 -0.71% 2.81% 0.79% 3.61% -2.82 1. Total Revenue

details are as following; (1) Revenue from sales The Company and its subsidiaries’ revenues from sales in the second quarter of 2018, ended 30 June 2018, was Baht 436.55 million, increased by Baht 64.59

to the same period of previous year which a net loss of Baht 5.43 million, the loss increase Baht 7.45 million or increase by 137.09% , the main reasons are as follow 1. Revenue from sale , Other

of 14.73 million baht, the decreased loss of 8.53 million or decreased loss percentages of 57.91% , the main reasons are as follow; 1. Revenue from sale , Other income The company had sale revenue at

to Baht 1,677 million. The decline was mainly due to the decrease in revenue from EMS and Smart service businesses. The Group’s profit for the first quarter of 2020 amounted to Baht 81 million, which

VS. 2017] FX: THB/USD 30.7810 32.0754 33.7691 FX: THB/EUR 34.2753 37.7340 37.7119 Sales Revenue 12,097.4 13,982.5 -13.5% 14,195.4 -1.5% [ Sales Revenue, USD $393.0 $435.9 -9.8% $420.4 +3.7% ] Cost of

profit from EMS business and retail business. As a result, overall net profit increased. Analysis of revenues EMS business In 2Q17, the Group generates revenue of Baht 553 million from EMS business, which

details as follow; unit: million baht Items 2017 2018 Changes Amount % Amount % Amount % Revenue from sales of goods 256.62 100 333.34 100 76.72 29.90 Cost of sales of goods 196.30 76.49 258.33 77.50 62.03

: Executive Summary The operating results of the first quarter of 2019, for the three-month period ended March 31, 2019 (“Q1 2019”), the Company generated total revenue of 794 million Baht; or decrease of 36

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core