leader of online top-up machines market, both in terms of number of kiosks and total usage amount. The Company emphasizes efficient Boonterm kiosk spot as well as launches marketing promotion through the

THB. Financial structure The Company emphasizes the importance of efficient management of financial structure to be flexible in time of economic fluctuations and maintain the financial costs to be

NORMAL. The Company also emphasizes on efficient operation excellence in all business units and employs strict cash management to ensure short- and long- term liquidity. Furthermore, Company continues to

business. 6 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Vending Machine & Distribution Business FSMART emphasizes on efficient location management of vending

2019, therefore, the Company and subsidiary companies have to increase the reserve for staff benefit by 32.96 million THB. Financial Structure The Company emphasizes the effectiveness of financial

The Company still emphasizes on strengthening the Boonterm kiosk business as well as leverages its leading position to the new opportunities, from the leader in the e-Payment service platform to the

consumer lifestyle that emphasizes on speed and convenience in transportation. 3. Enhance sales management to reach consumers precisely such as adding more pop-up store locations which are highly flexible

THB Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 11 of 15 The Company emphasizes on the importance of effective management of its capital structure to be

equity ratio stood at 0.55 times, increased from the ratio at the end of 2019 at 0.37x. Although the Company has higher interest-bearing debt amount, the Company emphasizes on the importance of effective

has higher interest-bearing debt amount, the Company emphasizes on the importance of effective management of its capital Table 2: Summary of Profit & Loss Statement 2Q 1Q 2Q YoY QoQ 6M 6M YoY 2019 2020