and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis 3) Advertising income was Bt2mn, decreased 62.3% YoY

Fixed income funds are steadily growing with more diversified investment portfolios. As of the end of 2018, net assets value of fixed income funds was approximately 2.6 trillion baht, most of

, bill payment, and social insurance contributions payment. As a result, the company was able to find new customers. This is consistent with the top up value, which continues to grow consistently

in June 2009. Since then the number of DWs issued by the Company has grown steadily and in 2019 the Company issued more than 500 DWs, whilst Derivative Warrants have become a very popular investment

increase of 40.4% YoY, mainly from the increasing in kiosk usage and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis

% YoY, mainly from the increasing in kiosk usage and money transfer service which grown steadily. 3 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis 3

sold as consistently from the quality of services and products that can responsibility on demands of customers as well. As a result, the volume of business in this group is growing in a good direction

which correspondent to the low level of Consumer Confidence Index, while household debt has steadily increased and anxiety for employment situation in the future, all these affected to the expenditure of

increased steadily to fully capacity. In the 1st quarter , the subsidiary purchases more dialysis machines to accommodate more patients. In addition, on February , , this subsidiary inaugurated a dialysis

from unearned income received from the health and beauty businesses that are constantly increasing as a result, the debt to equity ratio increased significantly from the previous year. However