) 2022 2023 Increase (Decrease) %YoYAmount % Amount % Revenue from sales and services 14,388.23 99.95% 13,518.71 99.96% (869.53) (6.04%) Cost of sales and services 13,159.06 91.41% 12,337.37 91.22% (821.69

. 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

2022 2021 Increase (decrease) % Profit (loss) before tax expenses 36.58 21.95 14.63 66.65 Loss Tax expenses (6.46) (2.25) 4.21 187.11 Operational Profit 30.12 19.70 10.42 52.89 Share of profit (loss) of

third quarter this year. 2 Incidentally, the temporary close of the operation from 19 March 2020 results that the company has no operational profit for 3 months ending on 30 June 2020 but the company

and its subsidiaries have contract revenues for Q1/2018 amount 127 Million Baht which is decrease of 118 Million Baht (48%) from Q1/2017 contract revenues. Q1/2018’s net loss of 32 Million Baht

subsidiaries have contract revenues for Q2/2017 242 Million Baht which is decrease of 28 Million Baht (10%) from Q2/2016 contract revenues. Q2/2017’s net profit of 8 Million Baht represents decreasing of 10

subsidiaries have contract revenues for Q3/2017 162 Million Baht which is decrease of 39 Million Baht (19%) from Q3/2016 contract revenues. Q3/2017’s net profit of 5 Million Baht represents increasing of 4

subsidiaries have contract revenues for the year 2017 amount 779 Million Baht which is decrease of 157 Million Baht (17%) from 2016 contract revenues. 2017’s net profit of 13 Million Baht represents decreasing

1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary  Total revenue from core business was Bt3,339mn

in 2018, with Net profit margin at 17.60% in 2019 compared to 17.91% in 2018. Details of the management discussion and analysis as follow: Income Statements 2019 Operational Performance The Company