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- Net profits of listed companies up 21.3 pct y-o-y in first nine months
- Sales up 25 pct y-o-y to THB 6.43 trillion (USD 207 billion)
- PTT, PTTEP, SCB, SCC and BBL are top five best performer
Companies listed on The Stock Exchange of Thailand (SET) reported a net profit of THB 518.28 billion (approx. USD 16.72 billion) in January-September, up 21.30 percent from a year earlier, with Resources, Financials and Property & Construction being the top three best performing industry groups.
As of December 1, the aggregate earnings were compiled from 442 listed firms, or 93.64 percent of the total 472 companies on the SET, in the first nine months of this year. Of the firms, 386 companies, or 87.33 percent of the total, made net profits, said SET President Charamporn Jotikasthira.
"Sales and net profits of listed firms in the first nine months grew significant. These are evidence to indicate the strong fundamentals of Thai companies in most sectors. However the performances haven’t reflected any impact from Thailand’s floods on some companies,” Charamporn said, adding there were 41 listed firms reporting their profits in the first nine months greater than their profits in the whole of 2010. Of the firms, eight companies are listed on the Market for Alternative Investment (mai).
Total sales of the 442 companies rose 24.89 percent to THB 6.43 trillion (USD 207 billion). The top five firms, in descending order of net-profit making, were PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), Siam Commercial Bank pcl (SCB), Siam Cement pcl (SCC), and Bangkok Bank pcl (BBL).
By industry group, the top three best performers in the first nine months were Resources, Financials and Property & Construction, in descending order. By sector, Energy & Utilities, Banking, and Construction materials were the top three best profit makers in terms of absolute amounts.
For the mai, the 68 listed companies, out of the total 70 companies, reported a 37.85 percent increase in net profit to THB 2.89 billion (USD 93.29 million) in the first nine months, and posted a 34.94 percent rise in sales to THB 52.95 billion, up from the same period of last year with their gross profit margins down slightly to 20.65 percent.
The top three best profit makers, in descending order, were Energy Earth pcl (EARTH), Asia Green Energy pcl (AGE), and Goldfine Manufacturers pcl (GFM). In the first nine-month period, there were eight mai-listed profit makers surpassing their profits in the whole of 2010.
By quarter, mai-listed companies’ net earnings rose 17.78 percent to THB 987 million, boosted by a 36.75 percent rise in sales in the third quarter.
SET-listed companies' performance from Q1/2008-Q3/2011
