. Profit increased from quarter 2/2019 by Baht 21.76 million or 59.14% mainly due to an increasing of gross profit from business operation amounting to Baht 84.25 million. Overall, the Group’s performance

management as well as sale mix management in each product category efficiently. This led to increasing in net profit for the year from Baht 184.72 million to Baht 191.19 million in 2018 or changed by 3.5

1 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Operational Summary in 3Q20 (recovered from Covid-19 pandemic)  Net profit was Bt123mn, increasing

% respectively. This is because of increasing in incentive and profit sharing from average daily turnover increased, while salary decreased. 2. The Consolidated and the separated statements recorded fees and

the same period of prior year. It decreased from the declining in revenue and gross profit and the increasing in administrative expenses. Financial Position As at 30 June 2018, the Group reported total

net profit increased by 11.01 million Baht or 59.16% from the same period last year. Net profit margin is at an appropriate rate. As a result, net profit increased with increasing revenue. Page 4 of 5

net profit increased by 29.62 million baht or 1.14% from the same period last year. Net profit margin is at an appropriate rate. As a result, net profit increased with increasing revenue. หนา้ 4 จาก 5

a cost of sales of 28.04 million Baht. The Company’s Gross Profit was 9.95 million Baht which had a Gross Profit Margin of 25.40%, increasing from the same period of previous year which had a Gross

year which had a cost of sales of 24.50 million Baht. The Company’s gross profit was 11.94 million Baht which had a gross profit margin of 28.53%, increasing from the period of previous year which had a

Baht 40.29 million which increasing 19.33 percent from the last year since the Company has shared the profit from the commercial starting of the associated company with solar power plant. In addition