- Nine-month sales up 8.76 pct y-o-y, but net profits down slightly on rising costs
- Financials, resources and consumer products are top performance industries.
Companies listed on Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported sales of THB 91 billion (approx. USD 2,757.5 million) during January to September 2014, up 8.76 percent from a year earlier, while net profit decreased slightly from rising operating costs. Three industries posted rising net profit, in descending sequence: financials, resources and consumer products.
mai President Prapan Charoenprawatt said, “From financial statements from 108 listed firms of 109 companies listed in mai (One firm not having summited financial statement), in the third quarter of this year, ending September 30, there were 77 firms, representing 71 percent of total mai-listed companies having reported financial statement , showing net profits in the third quarter. There were aggregate sales of THB 30.42 billion, up 8.33 percent. Gross profit margins were up to 20.92 percent from 20.44 percent a year ago as costs of goods sold rose 7.67 percent. Combined net profit rose 160.46 percent to THB 1.37 billion.”
The top five net profit-making firms in the third quarter, in descending order, were: Energy Earth pcl (EA) with posted earning at THB 373 million, The Brooker Group pcl (BROOK) at THB 182 million, Thai Solar Energy pcl (TSE) at THB 112 million, E For L Aim (EFORL) at THB 85 million, and International Research Corporation (IRCP) at THB 79 million.
From January-September 2014, companies reported aggregated sales of THB 91 billion, up 8.76 percent from a year earlier, while overall cost of goods sold increased 8.68 percent, therefore, mai-listed companies could maintain gross profit margin at 20.67 percent. However, combined net profits dropped from THB 4.22 billion to THB 4.19 billion, down only 0.58%.
Currently, there are 109 mai-listed firms. As of November 18, 2014, the mai index closed at 747.60 points, up 109.53 percent since the start of this year, with a total market capitalization of THB 386.52 billion and daily average trading volume of THB 3.60 billion. Starting from the first trading day of 2015, mai will announce eight industry groups categorizing from their business aspects. For more information of mai listed firms' financial statements, please visit www.mai.or.th and www.settrade.com