. This is result from the world steel price trend increasing from the same period of last year. 2. Cost of goods sold and service was Baht 1,853.02 million, increased Baht 283.60 million or 18.07% from the

same period last year by 18.76 million Baht or 20.78%. The increase from the revenue from services by the Company and subsidiaries, as a result of increasing demand of Non-Destructive testing service

last year. 2. Administrative expenses were Baht 92.09 million; increased Baht 16.71 million or 22.17%. This is result from increasing provision for retirement benefit under new labor law and increasing

Million or 1.76% when compare to the same period of 2018, due to the increasing of the quantity of Sales. 2. Gross profit was Baht 160.06 million or 11.66% which increased from the same period of 2018 that

from the same period last year by 45.66 million baht or 54.69%. The increase from the revenue from services by the Company, as a result of continue increasing demand of Non-Destructive testing service

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