Bangkok--6 Mar--SET
- Total sales up 3.61 pct y-o-y at THB 11.51 trillion
- 2014 gross profit margin at 18.48 pct y-o-y, while net profit down 11.31 pct y-o-y to THB 701.59 billion
- Banking, Information & Communication, Property Development, Food & Beverage, and Insurance as top five best profit makers
Companies listed on The Stock Exchange of Thailand (SET) reported 2014 total sales of THB 11.51 trillion (approx. USD 348.88 billion), up 3.61 percent year-on-year. The total gross profit margin was maintained at 18.48 percent, at similar rate as the end of 2013, while net profits down 11.31 percent year-on-year to THB 701.59 billion.
SET Executive Vice President Chanitr Charnchainarong said aggregate earnings were compiled from 526 listed firms, or 97.95 percent of the total 537 companies on SET (excluding those in the non-compliance and non-performing group), as of December 31, 2014. Of these firms, 435 companies, or 82.7 percent of the total, made net profits. Their total sales in 2014 rose 3.61 percent from the same period of last year to THB 11.51 trillion, while total net profits were THB 701.59 billion, down 11.31 percent from the same period of last year, resulting from reduction of net profit of Energy & Utilities and Petrochemicals & Chemicals Sectors affected by inventory losses, reduction in oil prices, and an increase in depreciation and amortization expense.“Even Thailand’s economy in 2014 was sluggish, companies listed on SET have reported positive sales growth. In addition, they could maintain their gross profit margin 18.48 percent, at similar rate as the end of 2013. However, 2014 net profit of listed companies could be seen a 1.81-percent increase if excluding ordinary items. By sector, Banking, Information & Communication, Property Development, Food & Beverage, and Insurance were the top five best profit makers in terms of net profits, in descending order, reporting higher profits and sales than a year earlier. Their combined net profit accounted for 58.06 percent of reporting listed firms, while sales of these five sectors accounted for 23.20 percent of reporting listed firms,” Chanitr added.
In quarter 4/2014, total sales were 2.83 trillion (approx. USD 85.82 billion), down 3.44 percent from the same quarter of 2013, debt with net profit margins also deceasing 58.87 percent to THB 68.3 billion. At the same time, -to-equity ratio (excluding those in the Financials industry) declined from 1.25 times to 1.18 times, compared to the same quarter of 2013.
Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:
Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.