was Baht 142.58 million, increasing by Baht 45.52 million or 46.90 % when compared to that of Baht 97.06 million in the year 2017. The total revenue comprised:- - The revenue obtained from Telecom

subsidiary for the third quarter of the year 2018 was Baht 41.12 million, increasing by Baht 18.79 million or 84.15% when compared to that of Baht 22.33 million in the third quarter of the year 2017. The total

1 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Operational Summary 9M18 Operational Summary  Total revenue from core business was Bt2,523mn, increasing

271.42 million or increased 29.27% when compare to the same period of 2016, due to the increasing of the quantity of Sales. 2. Cost of goods sold was Baht 1,021.58 million, and the gross profit margin was

Baht. Mainly by the increasing of Revenue from sales 17% with the increasing from domestic sales and expansion oversea market. There are gross margin rate for the period is 21%, and 14 % in 2018. As the

Baht 20.16 Million or 1.38% when compare to the same period of 2019, due to the increasing of the quantity of Sales. 2. Cost of Sales was Baht 1,284.25 million, decreased 4.66% when compare to the same

increasing of Revenue from sales 14% with the increasing from selling price and sale volume. In the first quarter of year 2018 gross profit rate 15 %, increased 7% compared with the last year. The first

order to increase the frequency of use from the regular customers. As a result, FSMART has total revenue from core business which is Bt769mn in 2Q17 increasing 48.0% YOY and has net profit was Bt144mn

8,930 million baht, showing an increase of 150 million baht or 2% y-y. In second quarter, The Company’s revenues was 4,541 million baht, increasing by 2% y-y and 3% q-q. This is the result of increase in

% from the same period of last year. This is result from sale volume was increasing and the world steel price trend increasing from the same period of last year. 2. Cost of goods sold and service of Baht