Microsoft Word - MD_A_Q12020_EN final 1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 1Q20 (Affected from Covid-19 pandemic
(the “Company”) for the 3-month period ended 31 March 2020 in comparison with the corresponding period last year as follows: Consolidated financial performance of the Group for the 3-month period ended
instruments in associates. Unit Price and Investment Value of REITs Unit Price (THB) Increase/(Decrease) Ended 2019 31 Dec 2019 Ended Q1 2020 31 Mar 2020 of investment (THB mm) WHART 17.4 12.6 (1,839.5) HREIT
507mn o Advertising revenue decreased by 56.8% YoY to THB 179mn. o System integration services revenue decreased by 1.5% YoY to THB 328mn. Recorded a share of loss from investment in joint ventures and
in the Extraordinary General Meeting of Shareholders No. 2/2020 held on 17 June 2020 of Rich Asia Industry Company Limited (“Subsidiary Company”) in order to do legal registration of transferring the
title deeds are 72763 and 72764. Also, the Board of Director of the Company has approved to increase share capital in Takuni Land, from 1,000,000 Baht to 150,000,000 Baht, by issuing 1,490,000 ordinary
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