Bangkok--13 Mar--SET
2011 net profit of mai’s listed firms up 27.22 pct from a year earlier
Sales up 30.63 pct y-o-y
44 mai-listed companies paid dividends
Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported a 27.22 percent increase in net profit to THB 4.47 billion (USD 145 million) in 2011. About 78 percent of total mai-listed firms made net profits.
The 74 mai-listed companies reporting (out of a total of 74 listings) also posted a 30.63 percent rise in sales to THB 81.93 billion (USD 2.66 billion) at the end of December, said mai President Chanitr Charnchainarong.
“mai-listed companies still showed good growth in sales and net profits, There are 60 firms, or 81 percent of the total, reported higher sales and 58 firms, or 78 percent of the total, made net profits,” Chanitr said.
Of the total mai-listed firms, eight companies posted a more than 100 percent growth in net profit in 2011, which are Chow Steel Industries plc (CHOW), Three Sixty Five plc (TSF), Energy Earth plc (EARTH), Pylon plc (PYLON), Hydrotek plc (HYDRO), Union Intraco plc (UIC), Yuasa Battery (Thailand) plc (YUASA), and Asia Green Energy plc (AGE).
In the fourth quarter of 2011, total net profit was at THB 1.19 billion (USD 38.67 million), down 9.01 percent year-on-year while gross profit margin decreased slightly to 20.48 percent from 22.52 percent due to higher cost of sales and the impact from the floods. However, sales in Q4/2011 jumped to THB 20.58 billion (USD 668.76 million), up 18.59 percent.
Forty-four companies paid dividends worth THB 2.20 billion (USD 71.33 million) in 2011 (as of March 2, 2012), up 18.68 percent from a year earlier, resulting in a dividend yield of 4.56 percent. The top five firms with the highest dividend payment, in descending order of payouts, are Pico Thailand plc (PICO), Master Ad plc (MACO), Tapaco plc (TAPAC), Qualitech plc (QLT), and Tirathai plc (TRT).
In addition, mai has produced its website www.mai.or.th as a channel for investors and entrepreneurs to access mai information directly.
As of March 5, 2012, the mai index closed at 297.36 points, with a total market capitalization of THB 91.12 billion (USD 2.96 billion). For more information of mai listed firms’ financial statement, please visit www.mai.or.th and www.settrade.com or call S-E-T Call Center at 0-2229-2222
For more information, please contact S-E-T Call Center 0 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Arada Kultawanich, tel: 0-2229-2796
Eight mai-listed companies which postednet profits rises of more than 100 percent in 2011
Company Net profits
(THB million)
2011 2010 % Change
1 Chow Steel Industries plc (CHOW) 186 16 1,080
2 Three Sixty Five plc(TSF) 15 1 903
3 Energy Earth plc (EARTH) 395 71 459
4 Pylon plc (PYLON) 76 26 193
5 Hydrotek plc (HYDRO) 48 18 164
6 Union Intracoplc (UIC) 36 17 109
7 Yuasa Battery(Thailand) plc (YUASA) 91 44 106
8 Asia Green Energy plc (AGE) 260 127 105