gross profit margin to total revenue ratio was 9.23% , supported by higher retail sales through branches, increased online sales, and a focus on selling more peripheral accessories. Additionally, cash
included brokerage fees income, fees and services income, interest income on margin loan, gain and return on financial instrument and other incomes. LH Financial Group Public Company Limited Management
margin loan, gain and return on financial instrument and other incomes. LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2017 Page 19/22
HRC Average Selling Price (Bht./Ton) 18,108 15,709 HRC Cash Margin (Bht./Ton) 1,223 1,334 Unit: million Baht 3rd Quarter 2017 Year-end 2016 Fin an ce S ta tu s Total Assets 31,907 32,615 Total
and services income, interest income on margin loan, gain and return on financial instrument and other incomes. LH Financial Group Public Company Limited Management Discussion and Analysis for the Year
million, increased by Baht 475 million or 82% from Q4/2018, and NNP margin increased by 2% as there was a major overhaul of the Independent Power Producer (IPP) in Q4/2018 compared to Q1/2019. Also, NNP
in cash, property, or stock to all shareholders on the basis of outstanding stock held by them when the merged CCPH’s surplus profits exceeds 100% of its capital stock. Provided that the rate of
margin (%) 22% 28% 26% (2%) 4% 26% 28% 2% Net profit margin (%) 8% 5% 6% 1% (2%) 14% 6% (8%) Adjusted Net Income margin (%) 8% 7% 8% 1% 0% 14% 8% (6%) Executive Summary PAGE 2 MANAGEMENT DISCUSSION
1,577 1,542 (2%) 61% 3,014 4,172 38% Gross profit margin (%) 24% 30% 28% (2%) 4% 27% 29% 2% Net profit margin (%) 13% 5% 5% 0% (8%) 15% 6% (9%) Adjusted Net Income margin (%) 13% 7% 7% 0% (6%) 15% 8% (7