22.01 million in 1Q18, with Net profit margin at 21.66% in 1Q19 improved from 15.38% in 1Q18. Details of the management discussion and analysis follow: Income Statements The Company reported Revenues from

Bt832mn, increasing 5.6% YOY, and net profit is Bt145mn, increasing 0.5% YoY. 2 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Financial Summary Income Statement

November 14, 2019 Subject : Management Discussion and Analysis for Nine-month and 3nd quarter ended November 30, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

Microsoft Word - letQ217MD&AE .doc ( Translation ) 11st August 2017 Subject: Management Discussion and Analysis (MD&A) for the 2nd quarter and 6-month periods of year 2017 To: Managing Director of

Microsoft Word - el268e Date : August 11, 2017 Subject แ: Management Discussion and Analysis for the Quarter 2/2017 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products

Microsoft Word - letQ317MD&AE .doc ( Translation ) 13rd November 2017 Subject: Management Discussion and Analysis (MD&A) for the 3rd quarter and 9-month periods of year 2017 To: Managing Director of

Microsoft Word - el276e Date : February 26, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 To : Managing Director The Stock Exchange of Thailand Kuang Pei San

February 26, 2017 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2017 Attention : President The Stock Exchange of Thailand 1. Operating Performance

February 27, 2019 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2019 which has been unaudited but reviewed by the auditor this is caused by followings