Thailand’s Market for Alternative Investment (mai) announced net profits of THB 668 million (approx. USD 18.30 million), up THB 331 million (approx. USD 9.07 million) or 98% year-on-year (y-o-y), due principally to 12 firms posting over 100% net profit growth. mai’s sales jumped 20% to THB 8 billion in Q3/2006, up 20% on the THB 6.67 billion (approx. USD 182.74 million) for the same period last year.
Thirty-eight companies on mai have submitted their Q3/2006 operational results for the period ending September 30, 2006. Thirty-five firms posted profits, while only three posted losses. The 12 most profitable firms were led by BROOK, BOL, and PPM, mai President Mr. Chanitr Charnchainarong announced.
In the first nine months of this year, mai-listed firms posted THB 21.40 billion sales, an increase of 14% or THB 18.78 billion on the same period last year. Their profits jumped 18% from THB 1.13 billion to THB 1.34 billion.
The Brooker Group PCL (BROOK) was the most profitable company in Q3/2006 turning its previous loss of THB 1.55 million into THB 74 million net profit, or an incredible 4888% y-o-y. The firm recorded THB 103 million in sales, up 753% y-o-y, due to progress in a large M&A deal, Mr. Chanitr added
Business Online PCL (BOL) posted the second highest growth in net profits at THB 7.8 million, up 1174% from THB 0.6 million last year. The company recorded THB 50 million in sales, a 39% increase on the previous THB 36 million This was due to a THB 8.11 million increase, or 1580% y-o-y, in income from information management and advisory services. The firm also benefited from value added products and special services.
Porn Prom Metal PCL (PPM) recorded the third highest net profit growth at 732%. The company received THB 45 million profit in Q3/2006 compared to only THB 5 million in Q3/2005. PPM recorded THB 743 million in sales, a 39% increase on last year’s THB 533 million. This was due to rising mineral values driving up the price of both industrial raw materials and construction materials. Furthermore, PPM has expanded its client base.
Twenty-four of the 35 profitable companies increased profits, averaging 378% growth. There were 12 firms with more than 100% profit growth in Q3/2006 – BROOK (4888%), BOL (1174%), PPM (732%), FOCUS (684%), PICO (392%), LVT (192%), TRT (174%), UEC (170%), TMW (147%), TNH (143%), L&E (123%), and DM (112%).
“Overall, mai-listed firms performed well demonstrating that the entrepreneurs coped with the effects of increasing oil prices and raw materials. As oil prices stabilize, their operations should start to expand,” Mr. Chanitr said.
Currently mai has about THB 18.56 billion (approx. USD 515.56 million) in current market capitalization, and anticipates four new listings by the end of this year.
Q3 2006 Results
