Thailand’s Market For Alternative Investment Listed Firms Collectively Recorded Over One Billion Baht Net Profits - A 29% Growth

The 23 listed companies on the mai (Market for Alternative Investment) recently announced their 2004 operational performances. In 2004, the mai listed companies collectively recorded THB1.035 bln. (approx. USD 25.875 mln.) in net profits, equivalent to an average 29% growth. The mai listed firms were led by four companies - Interlink Communication Pcl. (ILINK), CM Organizer Pcl. (CMO), Unique Mining Service Pcl., and Porn Prom Metal Pcl. having 344%, 205%, 188% and 150% growths respectively.

President of the mai, Mr. Vichate Tantiwanich, said that the 23 listed companies on the mai have already submitted their financial statements for the year ended December 31, 2004. They collectively posted a total of THB1.035 bln. in net profits, which is equivalent to a 29% year-on-year rise. In 2004, the mai-listed firms showed net profits almost across the board.

“The mai-listed firms are mainly small- and medium-sized enterprises with high growth potential. From their 2004 operation performances, it can be seen that there were 4 listed companies which experienced exceptional growth of more than 150%. They are:

1. Interlink Communication Pcl. (ILINK) which record THB40 mln. worth of net profits, an incredible 344% rise over the same period last year. This phenomenal rise was attributed to a 30% increase in distribution income and new sources of income from ILINK’s installation of the telecommunication network for the Suvarnabhumi Airport Phase I, and the Smart Card Project for the Tariff Department.
2. CM Organizer Pcl. (CMO) recorded THB58 mln. in net profits, soaring a healthy 205% year-on-year. The improved performance of CMO was due to its robust event and marketing promotion businesses. Its clients, in both public and private sectors, have increased their marketing promotion budgets. In addition, CMO has also realized earnings from two subsidiaries—PM Center Co., Ltd. and The Eye Co., Ltd.
3. Unique Mining Services Pcl. (UMS) recorded THB135 mln. in net profits. This was an increase of 181% year-on-year, which was attributed to an expanded customer base, especially within the small- and medium-sized firms. The profit margin of UMS improved while its sales and administrative expenses decreased.
4. Porn Prom Metal Pcl. (PPM) had THB52 mln. worth pf net profits, or a rise of 150% over the same period last year. PPM has constantly expanded its customer base while its existing customers increased their order volume. In addition, its suppliers have been able to catch up with the rising market demand, thus fulfilling PPM’s orders efficiently.

Mr. Vichate also added that in addition to the 4 listed companies that posted an exceptional profit growth of more than 150%, another three companies—C.I. Group Plc. (CIG), L.V. Technology Pcl. (LVT), and Goldfine Manufacturers Pcl. (GFM)— also showed remarkable profit growths of 130%, 110% and 100% respectively.