Net Profit (Loss) owners of the parent (294.86) (30.88) (263.98) 854.86 1. Analysis of results of operations. . Income In Quarter 2-2019 the Company and its subsidiaries had the total revenues of 268.56

) 854.86 1.2.1 Gross Profit In Quarter 2-2019, the Company and its subsidiaries had loss margin 66.50 percent. It was a decreased compare to the same period of 2018, the gross margin 4.90 percent 1.2.2 Cost

million respectively or equivalent to gross profit margin of 70.37% and 69.78% respectively. The Company’s gross profit margin dropped due to the significant decline in overseas sales revenue. Selling

of 67.52% and 67.63% respectively. The small drop in gross profit of the Company was derived from the slowdown in sales revenue during the nine months of this year. In addition, gross profit margin

temporally supporting expense to Company’s master agents in COVID-19 situation. Profits 1) Gross profit in 2Q2020 was Bt120.12mn, as a result of declining in core revenue, kiosk improvement to support new

Margin -30.7% -16.7% -14.0% -23.6% -37.8% 14.3% Net Profit Margin (Portion of the Company’s shareholders) -14.2% -8.1% -6.1% -23.6% -37.8% 14.3% Revenues from sales and services In 2019 revenues from sales

increase was mainly driven by 334% growth of revenue from sales of house and condominium units and 83% increase in revenue from rental and services. 1Q19 Net profit was THB 293m, grew by 13% comparing to

% growth of revenue from sales of house and condominium units and 71% increase in revenue from rental and services attributed to the rise of total revenue. 2Q19 Net profit at THB 192m, or 56% decline YoY

1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19  Net profit was Bt144mn, decreasing 1.1% YoY.  Total revenue from core

Style Hotel Chiangmai by THB 9.64 million causing from smoke pollution crisis in Chiangmai province during the beginning of 2019. Gross Profit In the third quarter of 2019, gross profit of the Group was