Thai Alternative Bourse's Firms Record 43 Pct Profit Growth In Q1/2015

• First quarter’s combined net profit of listed companies in Market for Alternative Investment (mai) increased 43.52 pct y-o-y to THB 2.35 bln
• Total sales up 3.06 pct y-o-y to THB 30.12 bln
• Financials, Resources and Property & Construction industry groups recorded profit growth

Companies listed on Market for Alternative Investment (mai) reported a total sales of THB 30.12 billion (approx. USD 912.85 million), up 3.06 percent from a year ago. As a result, their combined net profit increased to THB 2.35 billion (approx. USD 71.15 million), a 43.52 percent year-on-year increase.

mai President Prapan Charoenprawatt said that 109 mai-listed companies out of the total of 114 (excluding those in the non-compliance list (NC), those not submitting the report in time and those to submit on upcoming due date) have reported their performance, ending March 31, 2015. Their cost of sales decreased 2.61 percent from a year earlier. As a result, their gross profit margin increased to 25.95 percent from 21.64 percent during the same period last year, and their net profits increased to THB 2.35 billion, a 43.52 percent increase from THB 1.64 billion recorded during the same period in 2014.

“Listed firms remained well-performed in terms of sales and net profit growth, although global and domestic economic growth has been sluggish since last year. It was underpinned by their ability to manage cost of goods sold which have pushed up profitability, proven with a upbeat gross profit margin and EBITDA which increased by 38.65 percent to THB 4.58 billion from THB 3.31 billion during the same period in 2014,” Prapan added.

By industry group, six of the eight industry groups of mai’s listed firms recorded net profits. Among them, Financials, Resources, Property & Construction industry groups recorded a profit increase, respectively.

Top five best profit makers with the largest net profit in Q1/2015 were The Brooker Group pcl (BROOK) with net profit of THB 753 million, Energy Absolute pcl (EA) THB 580 million, J.S.P. Property pcl (JSP) THB 246 million, Thai Solar Energy pcl (TSE) THB 140 million, Interlink Communication pcl (ILINK) THB 111 million, in descending order.

As of May 20, 2015, there were a total of 114 companies listed on mai. The mai index closed at 660.85 points, down 5.6 percent compared to 2014’s with a total market capitalization of THB 395.67 billion (approx. USD 11.99 bln), and average daily trading value of THB 4.25 bln (approx. USD 128.67 mln). The price per earnings ratio (P/E ratio) was at 62.91 times.

For more information on mai-listed firms' financial statement, please visit www.set.or.th

Top five mai- best profit makers with the largest net profit in Q1/2015

mai-listed companies’ performance by industry groups in Q1/2015