the third quarter of the previous year which were Baht 211 million. 1.2 Fee and Service income The Company’s fee and service income in the third quarter of 2019 was Baht 212 million, an increase of 22
profit is Bt145.01mn increasing 10.1% YoY. 2 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis Financial Summary Income Statement MB % MB % MB % Income from
to a fixed 20-year feed-in tariff PPA, for the sale of electricity by the project with the contracted capacity of 640 MW. Commissioning will occur in phase, with phase 1 comprising 352 MW and phase 2
financial instrument is recognized in other comprehensive income. Any ineffective portion is recognized immediately in profit or loss. The consolidated statement of financial position as at 31 December 2017
production cost per unit and the Company recognized revenue from that sugar with high cost of sales in 1st quarter 2018. As a result, the gross profit margin dropped in the consolidate income statement from 33
of the year. Profit & Loss Analysis (Unit : Million Baht unless otherwise stated) 2019 2018 Change Amount % Change Total Revenues 19,304 17,738 1,566 8.83% Sales and service income 18,389 16,738 1,651
% 15,333.1 100.0% (268.8) (1.8%) Rental income 487.2 3.2% 553.0 3.6% (65.8) (11.9%) Other income 468.0 3.1% 489.4 3.2% (21.4) (4.4%) Total revenues 16,019.5 106.3% 16,375.5 106.8% (356.0) (2.2%) Cost of sales
revenue of Q2/2018 of the Group was Bt925.5 million increased by Bt45.3 million or 5.1% compared with Bt880.2 million of Q2/2017. While the services income was of Bt912.1 million increased by Bt48.6 million
in the revenue from sales was mainly due to a decrease in sales volume of seasoning and dipping sauce in Europe, along with unexpected problem that occurred in the production process. Income Statement