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- Nine-month sales worth THB 91.52 billion, up 1.63 pct y-o-y
- Net profit growth remains high at 12.96 percent to THB 5.2 billion
- Gross profit margin increased y-o-y to 24.6 percent
Companies listed on Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported sales of THB 91.52 billion (approx. USD 2.54 billion) during January-September, a 1.63 percent increase from a year earlier.
President Prapan Charoenprawatt “The aggregate amount was from the 116 mai-listed companies of the total 119 firms (excluding those in the non-compliance group, and the others whose due dates are coming up). Among those reporting firms, 82 companies, or 71 percent, reported net profits, Owing to the increase in gross profit margin to 24.60 percent from 21.22 percent compared to the same period last year, they could manage to grow net profit by 12.96 percent to THB 5.2 billion (USD 144 million),”
In the third quarter of this year, although the mai-listed companies had faced uncertainties amid sluggish economy, the firms could maintain their sales at THB 29.7 billion, or up 0.93 percent compared to Q3/2014, while depreciations and higher cost of funds resulting from business expansion of some firms caused the overall net profits down to THB 1.3 billion from THB 1.47 billion in Q3/2014, or a 11.88 percent drop. Meanwhile, their effective cost management boosted gross profit margins in Q3 to 24.10 percent from 21.22 percent a year earlier.
Two mai industry groups, which were Property & Construction and Resources, reported both growing sales and profits compared to the same period last year.
As at November 20, 2015, the mai index closed at 589.69 points, down 15.76 percent from the start of this year, with a total market capitalization of THB 363.1 billion (USD 10.1 billion) and daily average trading value of THB 33 billion. The price-to-earnings ratio (P/E ratio) was 60.66 times.
