concentrate to the brand awareness to support sustainable growth. However, the Company concerns about the importance of expenditure management efficiency. 4. Net profit and net profit margin 3Q18 and 9M18 net

delivered income thus also resulting from company has concentrate on cost management  Cost of distribution as amount of 6.42 Million Bath as 3.66 Million Baht decreased or 36.29 percent when compared to same

, which will extend the Company’s expansion into new segments in the future, starting from the end of Q2/2018, while more new products will fully penetrate in Q3/2018. Figure 2: MAT Mar 2018 RTD Fruit Juice

mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

solution with HR services representing 75.9% of our revenue, Financial services representing 22.6% and other income representing a small 1.5%. In 2018, the HR services has grown at a higher rate than

and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis 3) Advertising income was Bt2mn, decreased 62.3% YoY

increase of 40.4% YoY, mainly from the increasing in kiosk usage and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis

% YoY, mainly from the increasing in kiosk usage and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis 3

our investments, as well as improvements in surplus cash management where we have invested surplus cash in money market products giving a better yield. Cost of Services While our revenue has grown 7.7

grown 7.7% compared year-on-year, the growth in our cost of service increased by 3.00mb or 2.1% to 147.42mb (Q2 2018: 144.42mb). The slower growth in cost is mainly due to improved productivity in our bid