Microsoft Word - MD&A_E Q1_2562 Management Discussion and Analysis: MD&A 1. Operating Results (Company and Subsidiaries) Consolidated revenue for Q1/2019 of 72.9 million baht compared with Q1/2018 of

was decreased by Baht 15.89 million which details are as following; (1) Revenue from sales In the first quarter of 2019, the Company and its subsidiaries had total revenue from sales at the amount of

% Change Amount % Amount % Amount % Q1-21 VS Q1-20 Q1-21 VS Q4-20 Sales revenue 19,039 100.0 12,755 100.0 18,498 100.0 49.3 2.9 Gross profit 4,103 21.6 2,586 20.3 4,067 22.0 58.7 0.9 Operating profit 1,372

liabilities of the Group were decreased from Advance received from construction contracts and construction income received in advance. Due to revenue recognized during this period. o Debt to Equity ratio (D/E

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

-month period Increase (Decrease) 2Q20 2Q19 MB % 2020 2019 Amount (MB) %YoY Revenue from Sales 139.69 272.28 (132.59) (48.70) 335.53 511.27 (175.74) (34.37) Revenue from services 1.71 - 1.71 100.00 3.76

/ total sales and services revenue (%) 52.59% 50.58% Net profit / total sales and services revenue (%) 34.43% 29.58% Performance Ratio Return on Equity (ROE) (%) 13.03% 11.20% Return on Assets (ROA

) 0.30 0.44 Profitability Ratio(1) Gross profit / total sales and services revenue (%) 53.59% 49.69% Net profit / total sales and services revenue (%) 34.10% 28.16% Performance Ratio Return on Equity (ROE

services revenue (%) 32.74% 28.17% Performance Ratio Return on Equity (ROE) (%) 12.73% 10.89% Return on Assets (ROA) (%) 6.42% 5.69% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.93 0.86

economic situations leaded to the Company gained revenue from sales and services for the year 2017 amounting to 459.26 MB. And it is expected that measurement to support the earners with lower income of the