1 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Operational Summary in 2Q18  Total revenue from core business was Bt848.81mn, an increase of 10.4% YoY

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

three (3) years, provided that such renewed agreements must be subject to the terms and conditions equivalent to the existing agreements, particularly the rent. - The Seller shall have signed and had the

expansion, ii) increase in professional expenses including consulting fees related to operational systems preparation and legal fees, iii) incurred unrealized loss from exchange rate of equipment deposit

. In order to maintain overall financial results, the Company has initiated strategies focused on improvements in operational efficiency and expense control, such as adapting to the ‘new normal’ of

were Baht 5.56 million, decrease by Baht 2.16 million or 27.98% as compared to the same period of last year, due to the transportation expenses were decreased in quantities sold and the terms of delivery

to the formation of details of the mutual fund scheme for an infrastructure fund. Clause 2 In this Notification: The terms, “mutual fund”, “management company”, “assets of an infrastructure business

for ticket sales and reservation ( D- Ticket) of the State Railway of Thailand, The Hybrid CSOC Project (provide computer equipment, personnel, improve processes, including Improving operational

restructuring and cost management as well as reserve requirements to comply with LCR guidelines under Basel III. In terms of loan quality, non-performing loan (NPL) stood at Baht 465 billion or a ratio of 2.98

has resulted in a marginal increase in its debt to equity ratio. We strengthened our footprint in North America by acquiring the Corpus Christi JV which, once operational, will provide a low cost