10.9% due to the increase in cost of hospital operations in the amount of Baht 136.5 million or 12% which was somehow in line with the increased revenue. Distribution cost and selling & administrative

Baht 133.0 million or 10.2% which was in line with the increased revenue. Distribution cost and selling & administrative expenses increased in the amount of Baht 74.2 million or 32.8% from the use of

increase in cost of hospital operations in the amount of Baht 133.0 million or 10.2% which was in line with the increased revenue. Distribution cost and selling & administrative expenses increased in the

amount of Baht 157.6 million or increased 11.0 percent, and distribution costs and administrative expenses increased in the 44 หมู่ 4 ถ.แจง้วฒันะ ต.ปากเกร็ด อ.ปากเกร็ด จ.นนทบุรี 11120 โทร +66 2836 9990

%. 2.6 Cconstruction costs were 9.44 million baht, a decrease of 5.58 million baht or 38.25 percent, decrease in proportion to the revenue decline. 3 . The company had distribution cost and administrative

million baht, a decrease of 2.83 million baht or 17.70 percent, decrease in proportion to the revenue decline. 3 . The company had distribution cost and administrative expenses of 81.17 million baht, a

the previous year, the company had a profit from the sale of investments in subsidiaries in the amount of 246.78 million baht. 3. Distribution cost increased by Baht 0.87 million. 4. Financial cost

’ equity 1,183 37.1% 1,258 34.4% 75 6.4% Total liabilities and shareholders’ equity 3,185 100.0% 3,662 100.0% 477 15.0% As at 30 June 2017. FSMART had total assets of Bt3,662mn, increasing 15.0% compared to

increase 27.74% , because the company added the employee at management level to align with appropriate organizational restructuring . 7. Financial cost In Q3/2017, the financial cost was Baht 0.47 million

Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis As at 30 September 2017. FSMART had total assets of Bt3,979mn, increasing 25.0% compared to total assets as at