margins, EBITDAR or EBITDAR margins are not standard measures, nor measurements of financial performance or liquidity, under TFRS, and should not be considered alternatives to net profit (loss) or any other
retaliatory measures of US trading partners which could negatively affect global trade, trading partners’ growth, and Thai exports. LH Financial Group Public Company Limited Management Discussion and Analysis
) Comprises of gain on sale of investments, sale of investment in subsidiaries and sale of assets. (2) EBIT, EBIT margins, EBITDA, EBITDA margins, EBITDAR or EBITDAR margins are not standard measures, nor
continued to expand from the previous quarter. The value of merchandise exports expanded in line with trading partners’ growth, global trade and the impacts of trade protectionism measures by the US and China
measures, nor measurements of financial performance or liquidity, under TFRS, and should not be considered alternatives to net profit (loss) or any other performance measure or as an alternative to cash flow
outlook still have some challenges with some uncertainties especially from the external factors such as trade protectionism measures between US and China, the increasing economic outlook of China and major
expenses associated with GLAND’s operations since the acquisition in 3Q18 onwards. Nonetheless, CPN demonstrated prudent cost control measures and closely monitors the expenditure level to match revenue