3,693.57 (1,258.59) (34.1) Profit before FX 532.44 2,175.99 (1,643.55) (75.5) 2,516.29 3,879.22 (1,362.93) (35.1) * excluding fuel cost Quarter 2 6-Month Increase (Decrease) % Increase (Decrease) % The

280.62 16.5 * excluding fuel cost Increase (Decrease) % Quarter 1 The operating result for the 1st quarter of 2020 showed the profit (attributable to owners of the Company) of THB 1,360.82 million

Average ROE* - mean 64% 65% *medians are 18% and 24% for 2014 and 2013, respectively. Source: statistics or financial statements accessible at www.sec.or.th Outlines  Fees: a sure thing  Performance

สาํคญัของปัญหา http://www.sec.or.th http://www.econ.nida.ac.th แรงจงูใจ  Past performance is often the first thing a mutual fund will reveal about itself. “Investors and advisors consider past performance

, driven by volume and recognition of value from our customers and was as per our plan despite the fact that costs of raw materials and fuel was well above last year same period. Maintenance and HR expenses

and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract

Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public

for Boonterm kiosk’s Master Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees.  Expanding distribution business to mom-and-pop shops and starting petrol kiosk

; • (ix) Eco-efficient and/or circular economy adapted products, production technologies and processes; • (x) Green buildings. • Fossil fuel power generation projects are excluded Regional standards: Global

services (excluded Fuel Cost) 1,775.42 1,751.17 24.25 1.4 Revenue from financial leases 1,021.65 1,141.01 (119.36) (10.5) Share of profit of associate entities and joint ventures 1,383.38 877.89 505.49 57.6