are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of the year 2018, the Company had growth rate 1.82 percent of total revenue from furniture business. The mainly

365.37 370.47 -5.10 -1.38% 365.20 364.64 0.55 0.15% Loss (profit) from the exchange rate 0.00 0.00 0.00 N.A. 0.00 0.00 0.00 N.A. Other incomes 6.89 11.06 -4.17 -37.67% 4.69 9.26 -4.57 -49.31% Total Revenue

17,795.02 million, representing 92.42% of total revenues, a decrease of 19.79% or Baht 4,390.43 million from last year. The revenue dropped because Jira-Khon Kaen Double-Track Railway Project has been

of Baht 7,475.35 million, representing 96.07% of total revenues, an increase of 1.16% or Baht 85.61 million from last year. Cost of construction services and sales of construction materials In Q1 2019

reported revenues from construction services and sales of construction materials of Baht 12,969.98 million, representing 93.42% of total revenues, a decrease of 13.30% or Baht 1,989.26 million from last year

1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19  Net profit was Bt144mn, decreasing 1.1% YoY.  Total revenue from core

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core

decrease of 36%. The Company's total assets were recorded at THB 49,796 million, with total liabilities of THB 31,247 million and total shareholders' equity of THB 18,549 million. Debt to Equity Ratio (D/E

(Unit : Baht million) 30 September 2019 31 September 2018 Change Total assets 1,099.00 968.30 +13.50% Total liabilities 195.99 106.31 +84.36% Total shareholder’s equity 885.36 855.08 +3.54% Net debt to

% Insurance income 35.1 - 0.0% 67.7 - 0.0% Total Revenues 2,995.3 3,070.1 -2.4% 9,291.8 9,054.6 2.6% Cost of sales 1,861.0 2,150.2 -13.4% 6,019.8 6,343.8 -5.1% Cost of services 198.0 164.7 20.2% 575.2 442.7