ended 30 June 2017 which has been reviewed by auditor as follows: Table1: Financial Summary for the three-month of year 2016 and 2017 Unit: Million Baht Q2’2017 Q2’2016 Increase (Decrease) % Change Sales

follows. Performance Analysis For the Quarter 2-2017, the Company and its subsidiaries had total revenue of 304.05 million baht, an increase of 48.00 million baht or 18.75 percent, with the total net loss

1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY

Ratio (LDR) at the end of June 2017 stood at 97.1 percent, a slight increase from 96.9 percent at the end of 2016. Meanwhile, loan quality, measured by the ratio of non-performing loans (NPLs) to total

increase of 287.7 MB and 488.6 MB, respectively, due to the auctioned projects, which were bid at the previous quarter, has gradually delivered in the Q3-2017. The overall economy expansion in Q3-2017 has

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

Program Rights For the first quarter of 2018, the Company and its subsidiaries earned revenue from program rights totaled THB 327.23 million, an increase of THB 77.36 million or 30.96% from the same period

recovery, the Company arranged more promotion and marketing events to increase sales amounts in the first six-months periods such as “FN Fair” at head office and branches. This attributes to the increase in

Baht 102.11 million or 30.06% from the same period of previous year. The increase in cost of sales was not in line with the increase in revenue from sales due to the fixed cost of expenditure on factory

138.3 million baht, which was an increase from the 3rd quarter of 2017 at 40.0 percent. The Company’s net profit margin stood at 28.7 percent. An increase of net profit was a result of the Company has