. would like to inform the financial results for the second quarter of 2019. The Company and its subsidiary reported a net profit of THB 131. 25 million, comparing to a net profit of THB 126. 43 million in

Public Company Limited ( “ the Company” ) would like to clarify the operating results of the Company and its subsidiary for the 3rd quarter ended September 30, 2019 which has been audited by the

fully install to gain full control of SACL (India). SAGUSA, the USA operation is now in receivership and all reasonable provisions have been made in 2019. The Company also acquired 100% of Sakthi Portugal

consolidated operating and administrative expenses were 2,056 million baht, decreasing by 13% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total

37% EBITDA 81 111 36% 223 288 29% Net Profit (Loss) for the Company 34 54 59% 82 131 60% Gross Profit Margin (%) 64.6% 66.0% 1.3% 63.2% 64.8% 1.6% EBITDA Margin1 (%) 32.8% 32.6% (0.2%) 32.6% 31.6% (1.0

Company also complies ISO world-class standards to control various operational processes to ensure that the Company conducts business with transparency and fairness for stakeholders’ confidence. Details of

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

entities under common control, Gain on disposal of investment, and Employee benefits (6) Adjustment to earnings, net of tax The operating result for three-month period ended December 31, 2019 The company’ s

57 hotels in our portfolio temporarily closed. The Group carried out cost control policies seriously and continuously, whilst still maintaining employees. This will ensure that the Company has enough

426 76% EBITDA 24 81 238% 114 223 96% Net Profit (Loss) for the Company (13) 34 362% (9) 82 1,011% Gross Profit Margin (%) 52.2% 64.6% 12.5% 56.1% 63.2% 7.1% EBITDA Margin1 (%) 20.7% 32.8% 12.1% 26.2