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- Nine-month net profits up 51.66 pct y-o-y to THB 4.41 bln
- Total sales during Jan-Sep rose 14 pct to THB 127 bln.
- Almost all industry groups reported earnings growth.
- Services, Technology, Agro & Food Industry, and Resources among top performing industry groups
Companies listed on Market for Alternative Investment (mai) recorded a combined net profit of THB 4.41 billion (approx. USD 134 million) from Jan-Sep 2018, up 51.66 percent year-on-year, while their aggregate sales rose 14.10 percent from the same period a year earlier to THB 126.63 billion. The most profitable industry groups, in descending order, were Services, Technology, Agro & Food Industry, and Resources.
mai President Prapan Charoenprawatt said that the nine-month aggregate net profits were compiled from 148 mai-listed companies (that have already released their earnings reports, ending September 30, 2018), representing 94 percent of the total 157 firms (excluding those in the non-compliance or NC group and the others with due dates coming up). There were 104 firms, accounting for 70 percent, recorded net profits. mai-listed companies' cumulative sales increased 14.10 percent year-on-year to THB 126.63 billion, and total costs rose 15.82 percent to THB 99.99 billion, narrowing their gross profit margins to 21.04 percent compared to 22.21 percent in the same period a year earlier.
“During January - September, the overall sales of mai-listed companies looked encouraging as all industry groups delivered higher sales. Although the increasing in oil price pushed up raw-material and selling costs, listed companies still showed ability to control selling and administrative expenses.
Total assets of mai-listed firms rose 18.45 percent from end-2017 to THB 261.80 billion and their financial positions were still strong with debt-to-equity ratio edging up slightly to 1.10 times from the end of last year,” added Prapan.
In the third quarter of 2018, the total sales of mai-listed companies recorded a 10.01 percent increase to THB 43.11 billion, when compared to Q3/2017, while their net profits jumped 185.29 percent to THB 1.61 billion. Their total costs rose 12.04 percent to THB 34.30 billion, pressing their gross profit margins down 1.44 percent to 20.43 percent.
As of November 26, 2018, there were 157 mai-listed companies. The mai Index closed at 399.73 points, with a total market capitalization of THB 263.66 billion (approx. USD 8 billion) and average daily trading value of THB 1.32 billion.
