decrease rate of 10.16 percent. The revenue decrease was caused by the high competition in the battery industry resulting in the deceleration in domestic sales. Moreover, lead which is the main raw material

1 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Operational Summary in 4Q17  Total revenue from core business was Bt3,105mn, an increase of 38.3 % YoY

clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 1,365.1 3,447.1

September 2018 in comparison with the corresponding period last year ending 30 September 2017 1 Revenue from sales Total revenue from sales amounted to THB 3,638 million, up by THB 116 million or 3.3

subsidiaries by having the main substance is as follows. (Unit: Thousand Baht) Revenues Gross Profit Selling Admin Net profit 2017 837,308 293,207 80,159 93,260 -236,013 2018 929,354 325,527 88,001 79,800

years ended December 31, 2018 2017 REVENUES 5,027.05 6,357.19 Revenue from sales and services 4,543.70 6,025.78 Revenue from sales electricity 330.85 143.28 Other income 152.50 188.13 EXPENSES (5,056.20

previous year. The Company would like to clarify the reasons for the change in profits for 2017 compared to the previous year, as follows: Revenue In 2017, the Company had total revenues, as shown in its

For the three-month periods ended March 31, Continuing operations Discontinued operation Total 2019 2018 2019 2018 2019 2018 REVENUES 109.66 127.33 531.28 1,244.47 640.94 1,371.80 Revenue from sales

% Amount % Q2-18 VS Q2-17 Q2-18 VS Q1-18 Sales Revenue 13,144 100.0 12,296 100.0 12,528 100.0 6.9 4.9 Gross profit 2,889 22.0 3,123 25.4 2,731 21.8 (7.5) 5.8 Operating profit 1,158 8.8 1,441 11.7 1,020 8.1

same quarter of previous year. 2018 2017 2018 2017 REVENUES 1,250.37 1,392.04 2,603.21 2,963.94 Revenue from sales and services 1,143.82 1,351.79 2,341.60 2,845.74 Revenue from sales electricity 89.30