1 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Operational Summary in 3Q20 (recovered from Covid-19 pandemic) Net profit was Bt123mn, increasing
(comparingQ on Q) is a result from recovered order from India which is started in September 2017. by 2.41 million baht (0.38%) comparing with 9 months of last year which is result from paused order from India
Omnichannel platform which is thriving as we attract new customers and welcome back existing ones. After reopening stores, our sales and profit in the third quarter have steadily recovered compared to the last
by Baht 8 .39 million; this mainly comes from 1 .The group recovered bad debt in 2017 of Baht 3.62 million which leads to expense decreasing in 2017. However, there is no recovered bad debt in 2018. 2
came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high
complaints ADDITIONAL FINDINGS: DAMAGES • Alleged Damages: 22% to 67% higher • Less likely to be denied damages • Awarded Damages: Larger $ damages recovered INTERPRETATION Supports the Misconduct hypothesis
from 1. the group recovering bad debt in 2017 of Baht 3.62 million which led to a decrease in expenses in 2017. However, there was no recovered bad debt in quarter 1/2018. 2. Increase in staff expenses
quarter of 2017 but recovered back to normal in 2nd quarter of 2017. However, the sales in the Chinese market was lower than the predicted target due to moving period for some production line to Rojana
to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan
recovered back since the beginning of the second quarter. In addition, the company recognized the revenue from project work decreased by 28.56 million baht since most of the work was completed since last year