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- Q3 sales growth soaring 15 percent y-o-y to THB 40.43 billion
- Net profits at THB 594 million, down 57 pct due to extraordinary items
- Financials, Industrials, and Property & Construction among top performer industry groups
Companies listed on Market for Alternative Investment (mai), reported sales of THB 40.43 billion (approx. USD 1.2 billion) in Q3/2017, a 14.99 percent increase from a year earlier, while their net profit growth dropped by 56.72 percent to THB 594 million due to extraordinary items.
mai President Prapan Charoenprawatt said that the Q3 aggregate amount was compiled from 141 mai-listed companies of the total 145 firms that submitted their performance report as of September 30, 2017, excluding those in the non-compliance list. There were 98 companies making net profits, representing 69.50 percent of the total mai-listed companies already disclosed their financial statements.
The overall sales of listed companies in Q3/2017 were up 14.99 percent to THB 40.43 billion compared to Q3/2016, while the 17.33 percent rise of total cost to THB 31.27 billion pushed their gross profit margin down to 22.65 percent from 24.20 percent.
"Despite higher total cost and extraordinary items from certain firms, Q3 sales remained higher. Excluding such extraordinary items, the combined net profits could record an increase of 8.16 percent y-o-y. In addition, Seven out of eight industry groups reported positive sales growth in Q3/2017 compared to the same period last year. Out of those seven industry groups, three industry groups also reported positive net profit growth namely Financials, Industrials, and Property & Construction. The top five profit-making mai-listed companies in the third quarter were Brooker Group pcl (BROOK), Forth Smart Service pcl (FSMART), SGF Capital pcl (SGF), 2S Metal pcl (2S), and Thai Solar Energy pcl (TSE)," added Prapan.
From January to September, their total sales worth THB 114.4 billion, up 12.12 percent from the same period last year, while their total costs increased by 14.09 percent to THB 88.13 billion. Their gross profit margin decreased to 22.96 percent from 24.29 percent and their net profits dropped 34.37 percent to 2.92 billion.
mai-listed companies' financial status at end-Q3/2017 remained strong with debt-to-equity ratio at 1.03 times, down slightly from 1.07 percent at end-2016.
As of November 21, 2017, there were 145 mai-listed firms. The mai Index closed at 562.36 point, down 8.75 percent from the beginning of this year, with a total market capitalization of 338.52 billion (approx. USD 9.96 billion) and average daily trading value of THB 2.37 billion.
