1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

and 31 December 2021 were Baht 19,758.9 million and Baht 18,740.2 million, respectively. Increase by Baht 1,018.7 million or 5.4%. The main reason for changing in assets due to cash and cash equivalents

% Net Profit 73.3 27.0% 116.1 29.0% 42.8 58.4% Revenues Analysis The Company’s total revenue for the first quarter of 2018 was 400.1 million Baht, which was an increase 47.1% from the same period last

Financial 31 December 2016 30 June 2017 Increase/(Decrease) position MB % MB % MB % Current assets 1,003 31.5% 1,128 30.8% 125 12.5% Non-current assets 2,182 68.5% 2,533 69.2% 352 16.1% Total assets 3,185

August 31, 2019, consolidated total assets were 92,241 million baht, an increase of 5,119 million baht or 6% from 87,122 million baht as of February 28, 2019. The main assets were attributed to the

For three months until end of September 30 2018 Ratio 2018 Ratio 2017 Ratio Increase / (Decrease) Amount Amount Service revenue 429.18 100% 486.67 100% 369.51 100% 117.16 31.71 Other income 6.53 1.52

and non-current assets amounted to Baht 25,942 million, decreased 3% from year 2017. Current assets mainly increased from the increase of trade accounts receivable, inventory and other current assets of

sales and services amounted to Baht 8,678 million, increased by Baht 863 million or 11% QoQ. Revenue increase came from sale volume increase but still had net loss because raw material cost increase

94,547 million baht, an increase of 7,426 million baht or 9% from 87,122 million baht as of February 28, 2019. The main assets were attributed to the portfolio of net accounts receivable which shared 91

follows; Performance Highlights for Q1/2019  Net Profit attributed to Equity Shareholders was 144.5 million Baht, increased 24.5% from the same period last year and increase 9.5% from Q4/2018. This