Companies listed on Market for Alternative Investment (mai) reported the aggregate sales of THB 34.66 billion (approx. USD 990 million) for the first three months of 2017, rising 12.42 percent compared to the same period of last year; and the net profit at THB 1.18 billion (approx. USD 33.9 million), up 4.13 percent. Sales of all industry groups increased across the board, while Financials, and Property and Construction industry groups posted both total sales and net profit growth.
mai President Prapan Charoenprawatt said 133 mai-listed companies, accounting for 96 percent of the total 139 firms (excluding those in the non-compliance group, and those having different financial calendars) recorded the combined sales of THB 34.66 billion for the first quarter ending March 31, 2017, up 12.42 percent compared to the same period last year, while the aggregate net profit rose by 4.13 percent year-on-year to THB 1.18 billion. The gross profit margin dropped slightly to 23.77 percent in Q1/2016 and the combined net profit margin was at 3.42 percent. There were 94 mai-listed companies recorded net profit, representing 71 percent of the total firms which submitted the quarterly financial statements.
“The combined net profit of mai-listed companies in the first quarter rose in accordance with the increase of the aggregate sales, while the gross profit margin and net profit margins declined slightly. According to a breakdown, eight industry groups still posted higher sales, and Financials as well as Property and Construction industry groups showed the growing net profit and sales comparing to Q1/2016. The five best performers in terms of net profit in the first quarter are Forth Smart Service pcl (FSMART), Thai Solar Energy pcl (TSE), 2S Metal pcl (2S), The Brooker Group pcl (BROOK) and Bangkok Dec-Con pcl (BKD),” Prapan said.
“mai-listed companies’ remained posting strong financial positions, with debt-to-equity (D/E) ratio edging down to 0.98 times comparing to 1.04 times at the end of last year.
As of May 19, 2017, there were 139 mai-listed companies, and the mai index closed at 560.23 points. The market capitalization amounted to THB 312.58 billion with the average daily trading value at THB 2.37 billion.
