quarter 1/2020 Baht 44.91 million was decreased of Baht 12.19 million or 21.35% from the revenues of Baht 57.10 million of the quarter 1/2019. The revenue was decreased from the contract manufacturing and

preventive action in accordance with the government regulations. As a result, no employee infected. Since the end of March, the production and the sales were affected by the situation . However, since the

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

(035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2024 2 Total revenue decreased by 7.5% year-on-year. Sales and service income

1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary  Total revenue from core business was Bt3,339mn

relation to the provision of service regarding statistic processing of data program, which is able to analyze page view and revenue of each team, page view and revenue of each website and page, in order of

consumption and investment. The slower growth is expected to continue in 3Q19 since the external factors remain unsolved. Although private consumption was supported by sales promotion and government measures

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

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB