Companies listed on The Stock Exchange of Thailand (SET) and Market for Alternative Investment (mai) posted H1/2010 net profits of THB292.98 billion (approx. USD9.16 billion), an increase of 34% year-on-year (y-o-y), with total sales of THB3.62 trillion (approx. USD113.08 billion). 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, BBL, and SCB.
Of the 566 listed firms on SET and mai, 534, or 94% of the total, including 27 property funds, had reported their operating results as of June 30, 2010, with net profits in H1/2010 increasing in every Industry Group, for total net profits of THB292.98 billion (approx. USD9.16 billion), up from last year’s THB218.24 billion (approx. USD6.82 billion), or a rise of 34%. Meanwhile, listed companies posted net profits of THB129.67 billion (approx. USD4.01 billion) for Q2/2010, a 1% rise over the same period last year, revealed SET President Charamporn Jotikasthira.
Of the 503 SET-listed firms, including 27 property funds, the 472 which had submitted in their H1/2010 financial statements as of June 30, 2010 had recorded net profits totaling THB291.75 billion (approx. USD9.12 billion), a major rise of 34% y-o-y, while total sales reached THB3.59 trillion (USD112.25 billion), up 24% y-o-y. The main reasons for the profit increases were the rises in sales and profits from currency exchange rates. The three industry groups in terms of absolute amounts and in descending order were the Resources, Financials, and Property and Construction Industry Groups, which posted net profits of THB90.53 billion (approx. USD2.83 billion), THB61.89 billion (approx. USD1.93 billion) and THB39.77 billion (approx. USD1.24 billion), respectively.
“The sales rise showed that firms were taking advantage of the overall economic expansion and an increase in profits from exchange rate,” said Mr. Charamporn.
SET100 Index companies posted H1/2010’s net profits of THB248.84 billion (approx. USD7.78 billion), accounting for 85% of listed firms’ total net profits, up 26% y-o-y. Total sales rose by 25%, profits from exchange rates rose by 85%, interest rate expenses dropped 5%, while cost of sales rose 28%, resulting in a slight drop in gross profit margins from 20% to 18% 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), Bangkok Bank PCL (BBL) and The Siam Commercial Bank PCL (SCB).
The 449 listed firms in the eight industry groups (excluding the Non-compliance and Non-performing Groups) all made net profits, with the total coming to THB290.13 billion (approx. USD9.07 billion), a 34% 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 THB90.53 billion (approx. USD2.82 billion), a 2% rise y-o-y.
- Financial Industry Group: (consisting of the Banking, Finance and Securities, and Insurance sectors) this group recorded net profits of THB61.89 billion (approx. USD1.93 billion), a 29% rise y-o-y. Twelve banks posted total net profits of THB54.95 billion (approx. USD1.72 billion), a rise of 27% y-o-y. Meanwhile, firms in the Securities Sector posted net profits of THB968 million (approx. USD30.25 million), a rise of 46% over the THB303 million (approx. USD9.47 million) which was recorded at the same period last year.
- Property and Construction Industry Group: (consisting of the Construction Materials, Property Development and Property Funds sectors). This group posted net profits of THB39.77 billion (approx. USD1.24 billion), a rise of 39% 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 THB30.35 billion (approx, USD948.28 million), a 66% rise y-o-y. The Transportation and Logistics sector accounts for 48% of the group’s total net profits, with a 95% increase in net profits.
- Technology Industry Group: (consisting of the Electronic Components and Information and Communication Technology sectors) this group recorded net profits of THB24.52 billion (approx. USD766.31 million), a 35% rise y-o-y. The Information and Communication Technology shares 77% of the group’s total net profits, with a 18% rise.
- 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 THB19.80 billion (approx. USD618.84 million), a rise over the same period last year, which recorded net losses of 570 million (approx. USD17.81 million).. The main reason was from a 148% rise in the net profit of Industrial Materials and Machinery sector due to global economic recovery and a rise in metal prices.
- Agro and Food Industry Group: (consisting of the Agribusiness and Food and Beverage sectors) this group recorded net profits of THB18.09 billion (approx. USD565.44 million), a 49% rise y-o-y. The rise resulted from a 21% increase in sales a 13% drop in interest rate expense, and a 675% surge in profits from currency exchange rate.
- Consumer Products Industry Group: (consisting of the Fashion, Home and Office Products, and Personal Products and Pharmaceuticals sectors) this group posted net profits of THB5.18 billion (approx. USD161.72 million), a 93% rise y-o-y. The main reason to the rise was from an increase in the operating results of the Fashion sector, which posted net profits of THB4.16 billion (approx. USD129.92 million), a 157% increase y-o-y.
Summary of SET- and mai-listed companies' performance from Q1/2008 –Q2/2010
