subsidiary for the third quarter of the year 2017 was Baht 22.33 million, decreasing by Baht 30.23 million or 57.52% when compared to that of Baht 52.56 million in the third quarter of the year 2016. The total

control expenses and management expenses are efficiency. Finance cost are decreasing 22.14% from debt are decreasing from last year. The Company had net profit for the period Baht 7.61 million increased in

its subsidiary for the third quarter of the year 2019 was Baht 26.97 million, decreasing by Baht 14.16 million or 34.43% when compared to that of Baht 41.13 million in the third quarter of the year 2018

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

8,213mn, an increase of THB 228mn or 2.9% from THB 7,985mn as of 31 March 2017. Total current assets were THB 2,395mn, decreasing by 8.3% or THB 218mn, primarily due to 1) a decrease in cash & cash

increase of THB 38mn or 0.5% from THB 7,985mn as of 31 March 2017. Total current assets were THB 2,171mn, decreasing by 16.9% or THB 441mn, primarily due to 1) a decrease in cash & cash equivalents and short

83mn, decreasing by 21.7% or THB 23mn, mainly due to lower revenue from Bangkok Smartcard System Co., Ltd.’s system and project management fees. The growth in the operating business is also reflected in

total revenue or THB 80mn, decreasing by 17.2% YoY or THB 17mn, mainly due to a decrease in project management fees. Revenue growth was also accompanied by an increase in cost of sales which came to THB

and services was ฿ 319.91 million, ฿ 34.68 million decreasing or 9.78 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of sales and

7.25 % from the same period of last year. This is result from decreasing in normal administrative expense such as decreasing in staff cost. 4. Finance cost was Baht 11.19 million; increase Baht 3.80