No: AH 02022022 February 28, 2022 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2021 ended as of December 31, 2021 To: The President The Stock Exchange of
Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of
Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The
Page 1 of 7 Management Discussion and Analysis 2Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 2Q19 total revenue of THB 2,355m, increased by 147% YoY. 300
ative Expen pany had a ch was decr month perio due to a d of Stateme cash equiva Other rece ortion of loan ase of acco loans to re rent Assets eivables from eceivable - g-term inves Analysis, Q2/2 ast
cons million baht gin equal to es in the co of 394.1 mi alculated as specially in nce of the co of Income from debts thers ice income s nd services Analysis, Q3/2 mited gement Disc ent tock Exchan rt
1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net
1 Forth Smart Service Public Company Limited (FSMART) FY18 Management Discussion and Analysis Operational Summary in FY18 2018 Operational Summary Total revenue from core business was Bt3,339mn
analysis Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 47.3 42.5 (4.8) (10.1%) Administrative expense 268.0 294.2 26.2 9.8% Finance costs 313.4 278.2 (35.2) (11.2%) Total expense
estimates by research tends to vary to some degree. The company has therefore decided not to carry out such analysis going forward. Nonetheless, reflecting on its market share, VGI estimated that in 2017 its