2011 and completion of the building construction in Cambodia. Generally, capital expenditure for production equipment will follow the increase in sales, particularly in the IC division. However, there is

September 2017 total assets of consolidated financial statements increased by Baht 115.18 million or 4.7% compared with last year. An increase mainly arise from cash equivalents of Baht 32.77 million since

administrative expenses for 1Q19 was Baht 111.29 million, increased from previous period. The increase was mainly due to the expenses of new outlets (i.e. Rayong and Diana branches) such as depreciation, utilities

revenue. The sales expenses amount 160.02 million baht in the year 2017 compared to the year 2016 amount 150.31 million baht or increase by 9.71 million baht (6.46%) and the administrative expenses amount

to sales volume growth that was supported by an increase in capacity from the investment in Phase 3 at the new plant, but mainly offset by the appreciation of the Baht. Cost of Sales and Gross Profit

1 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Operational Summary in 4Q17  Total revenue from core business was Bt3,105mn, an increase of 38.3 % YoY

consolidated financial statements of the Company increased by Baht 201.68 million or 8.31% compared with last year. An increase mainly due to higher net accounts receivable of Baht 103.75 million since some

assets of consolidated financial statements increased by Baht 115.18 million or 4.7% compared with last year. An increase mainly arise from cash equivalents of Baht 32.77 million since cash paid-in for

% in the previous quarter due to a slowdown in both of export and tourism sectors. Meanwhile, the private consumption expenditure accelerated in line with rising consumer confidence. In addition, the

factors that continued to occur since the previous year, such as the production of new high-technology products, an increase in the cost of goods sold resulting from a continuously high cost of raw