Discussion and Analysis of Operating Results For the Operating Results ended June 30, 2018 Report and Analysis of the Operating Results In Q2/2018, the amount of aviation fuel services volume at BKK and DMK
increased by Baht 129 million or 19% because of the increase in selling price resulted from the increase in the Ft rate as well as the Weight factor in conjunction with the low cost of natural gas when
them cheaper than B7, providing by the Oil Fuel Fund. Natural fatty alcohols market in 1Q2020 moved downward from 1Q2019 affected by the coronavirus (COVID-19) outbreak. Many countries have been imposing
Energy determined Biodiesel B10 to be distributed at all petrol stations in country since 1 March 2020. This circumstance caused CPO price continuously rose before the season of harvesting fresh fruit
and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract
Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public
for Boonterm kiosk’s Master Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. Expanding distribution business to mom-and-pop shops and starting petrol kiosk
branches, including 2 branches in Bangkok at Bangyai PTT Petrol station and Porto Chino, and 1 branch in Rayong. In addition, for the remaining first half of the year in 2023, the Company have plans to open
the guaranteed price of palm fresh fruit brunch at 4 Baht/ kg. and encouraged biodiesel B10 and B20 consumption as fuel options throughout the year by using the State Oil Fund to subsidize the price of