Limited (FSMART) 1Q2020 Management Discussion and Analysis Costs and Expenses 1) Cost of services in 2Q2020 was Bt546.49mn, increasing from 79.7% to 82.0% of total revenues from core business, from fixed
will materialize in the rest of the year. In general, fixed costs will reduce due to Covid-19 restrictions on travel and mitigation plans in place for fixed cost savings in all departments. Gross profit
decreased by -6% as a focus on optimizing costs has shown good progress. On the variable cost side fuel costs were higher than in the same period last year and also in fixed costs related to production
, utilities and depreciation the majority of which are fixed costs resulting in higher proportion when Same-Store Sales decrease. For the nine months ending 30 September 2018 and 2019, the gross profit (after
company's loan portfolio is larger with an increase of income continuously which is enough to support the costs both of fixed costs and variable costs of the company on monthly basis. 4. Providing with a
spending. In addition, gross loss was THB 0.52 million as high proportion of the costs was employee-related costs which were fixed costs. Consequently, in 6M2022, the Company had ser- vices income from
fixed costs. Consequently, in 9M2023, the Company had services income from providing online advertising for products and services of THB 0.74 million, increased by THB 0.48 million or +181.80% YoY, and
addition, gross loss was THB 0.65 million as high proportion of the costs was employee-related costs which were fixed costs. Consequently, in 6M2023, the Company had services income from providing online
which were fixed costs. Consequently, in 9M2 0 2 3 , the Company had services income from providing online advertising of THB 0.52 million, decreased by THB 0.22 million or -30.21% YoY, and gross loss of