1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19 Net profit was Bt144mn, decreasing 1.1% YoY. Total revenue from core
1 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis Operational Summary in 1Q18 Total revenue from core business was Bt842.14mn, an increase of 17.8 % YoY
operational efficiency and cost management especially in the Outdoor media business. Consequently, the gross profit was up 34.3% from THB 442mn to THB 593mn. Gross profit margin increased from 57.2% to 60.6
of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor
ratio, however, decreased from 41.1% to 39.6% primarily as a result of improved operational efficiency and cost management especially in Outdoor media business. Consequently, the gross profit was up 26.7
mainly due to reduction in input costs and improvement in Operational parameters through several Strategic Management Initiatives. The Current quarter EBITDA also includes one off expense on account of
planned reduction in production to manage inventories and seasonality. Management will now focus on cost management initiatives, operational excellence, and working capital optimization in 2020. In addition
involved in personnel management and investment in the company very well as individual or / or institutional investors. according to the announcement of the related transaction, in the event that investors
acceptable level on a continued basis by clarifying significant risks. In this regard, the Company may disclose the full version of the policy, operational framework and risk management plan on the Company’s