follows: THB’000 Consolidated F/S ∆% Separate F/S ∆% 2018 2017 2018 2017 Revenues from Sales and Services 2,060,114 2,473,795 -17% 1,640,996 1,631,566 1% Interest income 2,302 1,045 120% 679 36,148 -98

) (18.25) 10.47% Administrative expenses (29.39) (32.29) 9.87% Operating profit 49.86 70.87 42.14% Investment income - 0.40 - Net foreign exchange gain/(loss) (0.80) (0.35) -56.25% Other income 0.81 0.53

% decrease from the same period last year. This was the result from the cessation of the subsidiary’s business operations. 2. Other Income 22.85 Million Baht, increase 17.10 million baht from the same period

2019 (Unreviewed) as follows: Performance Overview For the second quarter of 2019, the net profit of the Company and its subsidiary was 510.97 million baht. The total income was 1,063.06 million baht

Company Limited (FSMART) 2Q19 Management Discussion and Analysis Financial Summary Income Statement MB % MB % MB % Income from rending of top-up service for prepaid phone and other online service

increased 4,614,126 baht or 98.64% more than 20%. The main reasons were as follows: 1. Service income decreased 1,528,845 baht compared to the same period of the last year mainly from the decrease of income

415.85 (149.55) (35.96) Total cost of sales (2) 268.63 416.54 (147.91) (35.51) Other income (3) 7.12 3.46 3.66 105.78 Administrative expenses (4) 36.88 46.29 (9.41) (20.33) Bad debt and doubtful accounts

) as follows: Performance Overview For the second quarter of 2019, the net profit of the Company and its subsidiary was 510.97 million baht. The total income was 1,063.06 million baht, financial cost was

139,874 37.53% Other income 19,836 12,728 7,108 55.85% 7,490 3,583 3,907 109.04% Total Revenue 1,087,913 753,393 334,520 44.40% 520,106 376,325 143,781 38.21% Company total revenue on six-month and 2nd

average daily trading volume. 1.2 Fees and Service income The Company’s fees and service income in 1Q2018 were Baht 179 million, an increase of 7% from 1Q2017, mainly from an increase in sales agent of