Thai mai-Listed Firms Report Record Sales, Earnings In 2012

• Annual sales hit above THB 100 bln for the first time ever
• 2012 net profit of mai-listed firms up 22 pct from a year earlier
• Automotive, property industry make outstanding profits

Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported historic highs of sales and earnings in 2012, with net profit increasing 22.10 percent to THB 5.87 billion (USD 196 million), and sales rising 13.71 percent to THB 107.90 billion (USD 3.6 billion).

Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported historic highs of sales and earnings in 2012, with net profit increasing 22.10 percent to THB 5.87 billion (USD 196 million), and sales rising 13.71 percent to THB 107.90 billion (USD 3.6 billion).

About 80 percent of the total 84 mai-listed companies made net profits for the financial year ending December 2012. These firms could maintain gross profit margins at 19.51 percent, similar to last year’s, although cost of products and services rose 14.41 percent, reflecting their good cost management.

“The sales hitting a one-hundred billion baht for the first time was mostly from sales and net profits of existing listed companies, representing 83 percent of the total sales and earnings, and the remaining 17 percent from 13 new listings in 2012 and 2013, with automotive industry and property & construction sector making remarkable profits,” said mai President Chanitr Charnchainarong.

Of the total mai-listed firms, nine have posted continuing net profits since 2010: were Chu Kai pcl (CRANE), Interlink Communication pcl (ILINK), Jubilee Enterprise pcl (JUBILE), Lighting & Equipment pcl (L&E), Master Ad pcl (MACO), Qualitech pcl (QLT), Simat Technologies pcl (SIMAT), Sherwood Chemicals pcl (SWC), and Unimit Engineering pcl (UEC).

In addition, six companies listing in 2011-2012 were Asian Phytoceuticals pcl (APCO), Energy Earth pcl (EARTH), Hydrotek pcl (HYDRO), Panjawattana Plastic pcl (PJW), QTC Energy pcl (QTC), and Union Intraco pcl (UIC).

As of March 6, 2012, the mai index closed at 471.66 points, with a total market capitalization of THB 184.99 billion (USD 6.38 billion). For more information of mai listed firms' financial statement, please visit www.mai.or.th and www.settrade.com.

Table 1 : mai-listed company performance  

Table 2 : mai-listed companies whose net profits have risen for two consecutive years

Union Intraco pcl (UIC)