The SET announced that 465 companies on the SET and the mai, or 96% of the total 486 firms, had submitted their financial statements to the SET for the period ending September 30, 2005. Their net profits totalled THB363.94 bln.
From the 9M/2005 financial statements, the 438 (out of a total of 459) SET-listed firms accumulated a combined THB363.23 bln. in net profits, up 13% from the THB322.44 bln. for 9M/2004.
Of these firms, 84%, or 370 companies, posted profits. The other 16% or 68 companies posted net losses. Their combined sales were recorded at THB3.2 trillion, or a 25% increase.
The top 3 industry groups with the highest recorded net profits are Resources, Financials, and Property & Construction.
Companies in the SET50 earned a total of THB296.47 bln. in net profits, or 81% of the overall net profits (THB363.94 bln.) of all listed firms. Their total sales and net profits grew by 30% and 22% respectively. Their gross margin profit stood at 25%.
The firms in the SET100 (of which 98 had submitted financial statements) earned a total of THB317.01 bln. in net profits, or 87% of the overall net profits of all listed companies. Their total sales and net profits grew by 28% and 19% respectively. Their gross margin profit stood at 24%.
The top five most profitable companies were PTT Pcl. (PTT), Siam Cement Pcl. (SCC), PTT Exploration and Production Pcl. (PTTEP), Bangkok Bank Pcl. (BBL) and Siam Commercial Bank Pcl. (SCB).
405 firms in 8 industry groups (excluding companies in the Rehabilitation, or REHABCO, Sector) saw total net profits of THB355.81 bln. or 98% of the overall net profits of all listed firms. Summarized in order of greatest recorded net profits, the eight industry groups are as follows:
- Resources Industry Group.: (comprised of the energy & utility and the mining sectors). This group’s combined net profits of THB118.73 bln. was a year-on-year (yoy) increase of 48%. This rise was due to a 43% jump in sales for the energy & utility sector as a result of greater energy consumption, higher prices of crude oil and its related products.
- Financials Industry Group.: (consisting of the banking, finance and securities, and insurance sectors). This industry group saw net profits of THB86.82 bln., increasing by 16% yoy. The commercial banks posted a total of THB74.03bln. in net profits. Companies in the finance & securities sector (excl. hire-purchase and leasing companies) posted THB7.51 bln. net profits or a 79% rise YoY from THB4.19 bln. The securities firms showed profits of THB2.24 bln.
The 18 assurance and one life insurance companies recorded total net profits of THB2.74 bln. accounting for an 11% rise from the THB2.47 bln. for 9M/2004.
- Property & Construction Industry Group.: (consisting of the building & furnishing materials and the property development sectors) This group saw net profits of THB53.73 bln., down 14%, as a result of higher costs of construction materials and energy prices leading to a 29% rise in the group’s total costs. Nevertheless, their sales rose by 21%.
- Technology Industry Group: (. consists of the communications, electronic components, and electrical products & computer sectors). This group’s combined net profits amounted to THB27.88 bln. Their combined profits decreased by 13% yoy, due to sluggish economic conditions and rising oil prices.
- Services Industry Group.: This group posted a combined net profit of THB26.72 bln. equivalent to a 10% increase when compared to 9M/2004. The rise was due to a 19% increase in sales.
- Industrials Industry Group.: This group posted a combined net profit of THB24.76 bln. a 13% increase over 9M/2004 as they gained from high market demand.
- Agro & Food Industry Group.: (consists of the food & beverage and the agribusiness sectors). This group saw a combined net profit of THB13.35 bln. a 69% surge YoY. Most of the gains in this group were from the agribusiness sector as their exports increased.
- Consumer Products Industry Group.: This group posted net profits of THB3.83 bln.
On the progress of debt restructuring, as of September 30, 2005, the total outstanding debts of the firms in the REHABCO sector amounted to THB247.17 bln., a 15% decline from THB291.98 bln. at end-2004. The following is a summary of the REHABCO companies’ statuses from January 1, 2005 to November 15, 2005:
- An additional 6 companies were moved into the group—Circuit Electronic Industry Pcl. (CIRKIT), Daidomon Group Pcl. (DAIDO), Thai-Denmark Swine Breeder Pcl. (D-MARK), Hantex Pcl. (HTX), New Plus Knitting Pcl. (NPK), and Kuang Pei San Food Products Pcl. (POMPUI).
- Three companies have resumed trading in their regular sectors: Nakornthai Strip Mill Pcl. (NSM), K.C. Property Pcl. (KC), and T.C.J. Asia Pcl. (TCJ).