Companies listed on The Stock Exchange of Thailand (SET) report a net profit of THB 625.37 billion (approx. USD 20.42 billion) in January-December, 2011, up 4.30 percent from a year earlier, with four of the industry groups – Resources, Financials, Industrials, and Agro & Food Industry -- having increased their net profit.
The aggregate earnings were compiled from 461 listed firms, or 97.88 percent of the total 471 companies listed on the SET, in the whole calendar year. Of the reporting firms, 386 companies, or 83.73 percent of the total, made net profits.
“Total 2011 net profit grew only slightly from a year earlier because the recent floods pushed up companies’ costs in the fourth quarter. However, the 22.23 percent rise of total sales showed that as a whole, firms had expanded continuously and that the crisis only affected them for a short period. The strength of listed companies and their continued effective management should result in a quick recovery of their performance in 2012,” said SET President Charamporn Jotikasthira.
Total sales of the 461 companies rose 22.23 percent to THB 9.10 trillion (USD 297.33 billion). Top five firms, in descending order of absolute amounts of profits, were PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), Siam Commercial Bank pcl (SCB), PTT Global Chemical pcl (PTTGC), and Bangkok Bank pcl (BBL).
By quarter, net profits of the listed firms were at THB 71.46 billion in October-December, down 52.91 percent from the same period last year, although sales climbed 13.09 percent to THB 2.12 trillion.
By industry group, the top three best performers with highest net profit in 2011 are Resources, Financials and Property & Construction, in descending order. By sector, Energy & Utilities, Banking, and Information & Communication Technology were the top three best profit makers in terms of absolute amounts with a combined THB 395.81 billion net profit, accounted for 63.29% of total net profit of reporting listed firms.
