for the year 2019 of 180 Million Baht increase 123 Million Baht compared with last year (the year 2018, there were profit for the year 57 Million Baht.) Mainly by the increase of Revenue from sales 7

Baht). The project sales increased is due to the expansion of project services which expanded to cover more services than the same period last year. Cost of goods sold The company recorded cost of goods

for the year 2018 of 57 Million Baht increase 52 Million Baht compared with last year (the year 2017, there were profit for the year 5 Million Baht.) Mainly by the increase of Revenue from sales 13

profit from investment in associates 43.2 43.1 0.1 0.2% Net Profit 213.4 225.2 -11.9 -5.3% Million Baht Increase (Decrease) The operating result of the Company for Q3 2019/2020 (1 October 2019 to 31

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

revenues were 910.12 million Baht, an increase of 554.89 million Baht or 156.21% over the same period last year. The main factor of the increase is from the transfer of revenue of real estate which increased

) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other

expansion of domestic construction industry and the growth of new Shopping complexes and renovated stores, together with the turnkey projects balance brought forward from Q4/2017 completed and recognized

General Meeting of shareholders No.1/2017.  An increase in total costs and expenses mainly caused by an incremental corporate tax raised from the gain from sale of investment property which was only one

construction industry, the expansion of new Shopping complexes and renovated stores, and the sales recognition in this quarter of some backlog turnkey projects ; - Wholesales/Retails up 14% Y-O-Y thanks to the