President of the mai, Mr. Vichate Tantiwanich, said that the 25 mai-listed firms have already submitted their financial statements for Q1/2005. They collectively posted a total of THB238 mln. (approx. USD 5.95 mln.) in net profits, equivalent to a 17% year-on-year rise from the THB204 mln. in Q1/2004. As for sales growth, these firms have experienced approximately a 30% sales increase overall, jumping from THB2.88 bln. in Q1/2004 to THB3.72 bln. in Q1/2005.
“Growth has been the general nature of most mai-listed firms. Their Q1/2005 performances have posted outstanding growth rates. There were 6 listed companies which experienced exceptional rises of over 100%, i.e.:
- Unique Mining Services Pcl. (UMS) recorded THB54 mln. in net profits, or an increase of 145% year-on-year. UMS’ earnings per share were recorded at THB0.77 per share, or up 148.68%. The company had a 73% rise in sales, leading to total sales of THB309 mln. for Q1/2005. These higher sales were due to the demand for coal as a substitute for oil, and UMS was positively affected by rising oil prices. Also, the average price of coal had risen when compared to Q1/2004.
- Yuasa Battery Pcl. (YUASA) recorded THB326.56 mln. in total revenues, representing a 15.51% growth. It also recorded THB5.76 mln. in net profits, which increased by THB22.08 mln. from Q1/2004, or a 138% hike. These increases were due to higher revenues received from a sales price increase and more batteries being sold for new cars and to export markets.
- Business Online Pcl. (BOL) recorded a 120% rise in net profits, as its revenues from its Online Information Service rose by THB5.52 mln., or 30.10%.
- C.I. Group Pcl. (CIG) recorded THB171.28 mln. in revenues, up by THB31.15 mln., or 22.23% over Q1/2004. The company gained from the warmer climates both domestically and overseas, coupled with the expansion of its large-scale projects. CIG earned THB12.50 mln. in net profits, or a 117% rise.
- Lighting and Equipment Pcl. (L&E) earned THB13 mln. in net profits, or a 117% rise. The company had THB282 mln. in sales, jumping 40% from Q1/2004, due to the expansion of its product lines. Lighting products soared 43% in sales due to construction expansion, the improvement of sales to department stores and other outlets, and the rapid expansion of resort and spa businesses. Sales of lighting products used for landscape decoration thus increased. Furthermore, the government’s campaign for energy savings has also driven the greater demand for energy-saving lighting products. Project completion transfer at Suvarnabhumi Airport was another contributing factor to the growth of L&E.
- Dhanamitr Factoring Pcl. (DM) earned THB8 mln. in net profits, which, when compared to Q1/2004, represents a remarkable 100% improvement. The contributing factor was its revenues earned by factoring receivables, which increased by over 79%.
Furthermore, from June 2005 onwards, investors can learn more about mai-listed firms from the “Analyst Consensus” section available on www.mai.or.th. The section will show comparative financial figures as analyzed by securities analysts which will be helpful in making better investment decisions.
