revenues, a drop of 18.45% or Baht 6,626.87 million from the prior year. Construction revenue decreased because Xayaburi Hydroelectric Power Project is now close to project completion. Cost of construction

amounting of Baht 89.84 million and we start to recognize some revenue in this quarter moreover the Company still has carried on offering new products continuously which is an innovation of power saving in

Summary of operations and the factors that make a significant change Summary of Operations for the Year 2019 Topic Annual Balance Change 2019 2018 2019 VS 2018 (MB) (MB) % Total Revenue 7,076.7 4,237.6

, as follows: The second quarter of 2019 Vs 2018 1. Revenues The Company’s revenue in the second quarter of 2019 was Baht 808 million, a decrease of 1 percent compared to the second quarter of the

purchase order from big industry in first quarter of 2019 in an amounting of Baht 89.84 million. Almost of all revenue was gradually recognized since first quarter until this quarter. Moreover the Company

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

segments as per information in following table Management’s discussion and analysis for the year 2019 4 / 8 Revenue by Business Segments For 12-month period ended December 1, 2019 2018 Increased (Decreased

the same period of the previous year, as follows: The third quarter of 2019 Vs 2018 1. Revenues The Company’s revenue in the third quarter of 2019 was Baht 857 million, a decrease of 3 percent compared

overseas restaurant business, revenue from sales and services decreased from the same period of the previous year in the amount of THB 151. 28 million or equivalent to the decrease of 30. 57 percent as a

31 ธ.ค. 59 หรอื บจ. บางแหง่ไมไ่ดน้ าสง่งบการเงนิตามก าหนดเวลา 93% บจ. สว่นใหญ ่ม ีKAM 1 - 2 เร ือ่ง * 2 KAM สว่นใหญเ่ป็นเรือ่ง revenue & impairment * Comprise of Debt Covenant, Related Parties