Companies listed on The Stock Exchange of Thailand (SET) posted 9M /2010 net profits of THB436 billion (approx. USD14.52), an increase of 32.41% year-on-year (y-o-y), with total sales of THB5.37 trillion, a 18.30% rise y-o-y. The top three industry groups in terms of absolute amounts and in descending order were the Resources, Financials, and Property and Construction Industry Groups. The top five firms, in descending order of profitability in absolute amounts were PTT, PTTEP, SCC, BANPU and BBL.
Thai listed firms’ operating results for 9M/2010, as of September 30, posted a rise in net profits in every Industry Group, for total net profits of THB435.62 billion (approx. USD14.52 billion), up 32.41% from last year’s net profits of THB329.00 billion (approx. USD10.67 billion). In Q3/2010, listed companies posted net profits of THB151.53 billion (approx. USD5.05 billion), a 25.17% increase y-o-y, with total sales of THB1.80 trillion (approx. USD59.92 billion), a 8.89% rise, revealed SET President Charamporn Jotikasthira.
9M/2010, Of the 502 listed firms on SET, including 27 property funds, 465, or 92.63%, had reported their operating results for 9M/2010 by September 30. Of these, 375 firms posting net profits, while 90 recorded net losses, for a profit: loss ratio of 80.64:19.35, noted Mr. Charamporn.
“The firms’ continuing favorable performance for 9M/2010 shows that their businesses have continued to expand and confirms their strong fundamentals. They have been able to make sustained profits even though they encountered many incidents,” Mr. Charamporn continued.
SET100 Index companies posted 9M/2010’s net profits of THB370.22 billion (approx. USD12.34 billion), accounting for 84.98% of listed firms’ total net profits, up 27.93% y-o-y. Total sales rose by 19.12% y-o-y, profits from exchange rates rose by 273.24%, interest rate expenses dropped 2.36%, while cost of sales rose 20.38%, resulting in a slight drop in gross profit margins from 19.23% to 18.28% y-o-y.
The top five firms, in descending order of profitability in absolute amounts, were PTT PCL (PTT), PTT Exploration and Production PCL (PTTEP), The Siam Cement PCL (SCC), Banpu PCL (BANPU), and Bangkok Bank PCL (BBL).
The 447 listed firms in the eight industry groups (excluding the Non-compliance and Non-performing Groups) all made net profits, with the total coming to THB433.80 billion (approx. USD14.46 billion), a 32.06% rise y-o-y. In order of descending net profitability in absolute amounts, the industry groups’ results are as follows:
- Resources Industry Group: (consisting of the Energy and Utilities, and Mining sectors) this group recorded net profits of THB146.62 billion (approx. USD4.89 billion), a 13.49% rise y-o-y. In Q3/2010, the group’s net profits rose by 40.04% y-o-y and rose by 42.03% over Q2/2010.
- Financial Industry Group: (consisting of the Banking, Finance and Securities, and Insurance sectors) this group recorded net profits of THB97.64 billion (approx. USD3.25 billion), a 27.51% rise over the same period last year. In Q3/2010, the group posted a 23.72% rise in net profit over the same period last year and a 12.27% rise over Q2/2010.
- Property and Construction Industry Group: (consisting of the Construction Materials, Property Development and Property Funds sectors). This group posted net profits of THB57.08 billion (approx. USD1.90 billion), a rise of 21.05% over the same period last year. In Q3/2010, the group posted a 13.89% drop over the same period last year, since home buyers rushed to transfer ownership before the government’s reduction of real estate transfer fees ended in Q2/2010.
- Technology Industry Group: (consisting of the Electronic Components and Information and Communication Technology sectors) this group recorded net profits of THB39.60 billion (approx. USD1.32 billion), a 39.46% rise over the same period last year. Information and Communication Technology sector’s net profits accounted for 77.70% of the group’s nets profits and recorded a 28.80% rise y-o-y.
- Services Industry Group: (consisting of the Commerce, Health Care Services, Media and Publishing, Tourism and Leisure, Transportation and Logistics, and Professional Services sectors) this group posted net profits of THB37.32 billion (approx. USD1.24 billion), a 69.92% rise over the same period last year. The Transportation and Logistics sector’s net profits recorded a 214.53% rise in net profits y-o-y.
- Agro and Food Industry Group: (consisting of the Agribusiness and Food and Beverage sectors) this group recorded net profits of THB26.43 billion (approx. USD881.06 million), a 27.11% rise y-o-y. Meanwhile, in Q3/2010, the group posted a 4.06% drop in net profits over the same period last year, due to decreased profit margins.
- Industrials Industry Group: (consisting of the Automotive, Industrial Materials and Machinery, Packaging, Paper and Printing Materials, and Petrochemicals and Chemicals sectors) this group recorded net profits of THB24.08 billion (approx. USD802.53 million), a 2,874.02% surge y-o-y.
- Consumer Products Industry Group: (consisting of the Fashion, Home and Office Products, and Personal Products and Pharmaceuticals sectors) this group posted net profits of THB5.04 billion (approx. USD167.93 million), a 39.52% rise y-o-y. The main reason contributing to the rise of this group was a 44.63% rise y-o-y in net profits in the Fashion sector.
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