SEPTEMBER 2017 LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2017 Page 2/22 Overview of Business Operation LH Financial Group Public
in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was in the
mainly from airline business as a consequence of slowly growth of international tourist arrival to Thailand, high competitiveness among airline industry and strengthening of Thai Baht. For this quarter
airline and airport related business and provide duty free goods and services. Management’s Discussion and Analysis Bangkok Airways is a full serviced airline providing premium service to passengers
was resulted from airline business decreasing by 25.2 percent, airport business decreasing by 18.4 percent and airport-related businesses decreasing by 14.6 percent. 3 ASIA’S BOUTIQUE AIRLINE The
rising number of employees in tandem with business expansion; an increase in monthly remuneration, meeting allowance and bonus for non-executive directors totaling Baht 0.97 million in line with the higher
79.97% Total Liabilities 3,267.64 1,826.10 1,441.53 78.94% Issued and paid-up share capital 333.80 333.80 Premium on ordinary shares 587.17 587.17 Retained earnings – Appropriated 40.00 36.29 3.71 10.22