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Companies listed on The Stock Exchange of Thailand (SET) report a net profit of THB 511.90 billion (approx. USD 16.62 billion) in January-September, up 21.83 percent from a year earlier, with Resources, Financials and Property & Construction being the top three best performing industry group.
As of November 15, the aggregate earnings were compiled from 389 listed firms, or 82 percent of the total 473 companies on the SET, in the first nine months of this year. Of the firms, 343 companies, or 88.17 percent of the total, made net profits.
There are 55 firms listing on the main board asking to delay their financial statement submission due to the current flooding. These firms represent to only about 1.04 percent of the SET’s market capitalization.
"Although there are some firms delaying their financial statement submissions, the overall strong performance of listed firms reflects improving business expansions. We believe that most firms will disclose their financial statements by November 30,” said SET President Charamporn Jotikasthira.
Total sales of the 389 companies rose 25.23 percent to THB 6.29 trillion (USD 204 billion).
By quarter, net profits of the listed firms were at THB 153.37 billion in July-September, up 5.12 percent from the same period last year, and sales climbed 30.95 percent to THB 2.19 trillion.
By industry group, the top three best performers in the first nine months are Resources, Financials and Property & Construction, in descending order. By sector, Energy & Utilities, Banking, and Petrochemicals & Chemicals were the top three best profit makers in terms of absolute amounts.
