"Most of the listed companies, such as the 286 companies in the Production and Services sector (but excluding those under rehabilitation or in the REHABCO sector), showed a rate of improvement of 172%, having overall net profits of 72,000 million baht compared to 26,430 million baht for the same period last year."
"The five most profitable sectors were Building Materials, Energy, Communications, Commerce, and Agriculture. Their gains were mainly from improved operational performance resulting from increased sales turnover and declining interest rates, as well as decreased exchange rate losses." Mr Kittiratt noted.
He went on to say: "certain financial institutions did much better than may have been expected. Bangkok Metropolitan Bank Plc (BMB) and Siam City Bank Plc (SCIB), for example, benefited from the cleansing of their balance sheets, made possible by the transfer of 99,268 million baht worth of NPLs to the TAMC."
"For those under the debt restructuring process, 75% of them - 148 companies - have reported on the progress of their debt restructuring efforts. Restructured debts totaled 920,344 million baht, or 75% of total debts. This restructuring process has been achieved mainly by rescheduling debt (54%), or by converting debt to equity/corporate bonds (14%), or reducing debt principal and interest (9%). The remaining 23% was restructured by asset sales, capital increases, and so on," the SET President concluded.
