business was Bt799 mn, decreasing 5.2% YoY  Number of “Boonterm kiosk” was 129,208, decreasing 0.9% YoY  Total usage amount was Bt10,337mn, decreasing 0.8% YoY  Total average number of money transfer

1 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis Operational Summary in 3Q19  Net profit was Bt144mn, decreasing 1.1% YoY.  Total revenue from core

%, mainly due to decreasing of advertising and promotion expenses by Baht 7.83 million because in this year, the Company focuses on internal marketing by creating customer satisfaction. Administrative

which decreased from as at December 31, 2017 by Baht 18.76 million or equivalent to 4.44%, mainly due to decreasing in property, plant and equipment by Baht 4.38 million because in the previous year the

September 30, 2018. The conclusions are as follow; 1. Revenue: The total revenue of the 3rd quarter of year 2018 was Baht 1,034.17 million decreasing of Baht 63.88 million or 5.82% comparing to the total

was Baht 97.06 million, decreasing by Baht 44.03 million or 31.21 % when compared to that of Baht 141.09 million in the year 2016. The total revenue comprised:- - The revenue obtained from Telecom

for the second quarter of the year 2018 was Baht 26.27 million, decreasing by Baht 2.38 million or 8.31 % when compared to that of Baht 28.65 million in the second quarter of the year 2017. The total

customer want to rental decreased project. Cost of goods sold and services decreased 6.57%, it decreased in portion of decreasing revenue, expenses were decreasing about 10.38% as last year and finance cost

income impact is larger for the decreasing side than the increasing side. Financial statements preparers and the audit committee should pay more attention to overstated net income transactions. 12 Levels

141.52 million decreased by Baht 34.07 million or 19.41% from last year because of the decreasing in some expenses such as Specific Business Tax, Transferring fee and Promotional expenses. The Company and