previous year in the amount of THB 296 million or equivalent to a decrease of 3.9 percent as a result of the operating results of Domestic restaurant and bakery business and overseas restaurant business that

(included current portion of L/T debt) Non Current Liabilities Total Equity 113,869 117,033 113,869 117,033 Management Discussion and Analysis of Business Operation for 2Q/2018 Bangchak Corporation Plc. I 21

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

11.68%. The main reasons were as follows: 1. Service income decreased 10,794,988 baht compared to the same period of the last year mainly from the decrease of income from Call Center business in the

from Call Center business in the amount of 14,087,455 baht or 26.82% from the lower business volume while income from Collection business improved 12,558,610 baht or equal to 52.16% from the increase of

Call Center business in the amount of 7,280,576 baht or 35.01% from the lower business volume while income from Collection business improved 291,086 baht or 1.65% from the increase of Collection business

business for 1st quarter of 2020 in the amount of Baht 363.70 million, net profit of Baht 20.81 million, decreased compared with the same period of year 2019, the company has revenue from sales and services

decrease of income from Call Center business in the amount of 22,640,820 baht or 29.26% from the lower business volume while income from Collection business improved 20,032,270 baht or equal to 54.04% from

leather business for 3rd quarter of 2019 in the amount of Baht 340.89 million, net profit of Baht 18.13 million, decreased compared with the same period of year 2018, the company has revenue from sales and

Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc./(Dec.) % Construction income