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
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
ASEAN countries. Regarding domestic demand, private consumption expenditure grew at a slower pace amid supports from the government’s economic stimulus measures due to the declining household income and
between 22 March and 16 May 2020, following the government’s measures to prevent the spread of COVID- 19. Net profit in Q2/2020 was Baht 14.5 million, dropped by 90.8% YoY, mainly due to the decrease in
investment in its subsidiary company approximately 14 million Baht. The Group’s management is currently implementing financial and operational measures to improve the subsidiary’s future performance. Profit