Bangkok--Nov 24--SET
The 21 listed companies on the Market for Alternative Investment
(mai) announced their Q3/2004 operational performances and showed a
collective 66% increase in profits. Unique Mining Services Pcl. (UMS) led
the group with a 476% jump, followed by a 325% rise for Interlink
Communication Pcl. (ICT) and a 250% boost for L.V. Technology Pcl. (LVT).
The mai-listed companies’ overall performance for the first 9 months of
2004 was astounding, recording a notable 33% increase in profits.
mai President Mr. Vichate Tantiwanich said that all 21 listed
companies on the mai have submitted their Q3/2004 financial statements for
the period ending September 30, 2004. These companies collectively showed
THB263 mln. (approx. USD 6.4 mln.) in profits, accounting for a 66% boost
over Q3/2003. It is also noteworthy that all mai-listed companies posted
net profits in Q3/2004.
“Companies listed on the mai are small and medium-sized firms
with high growth potential. Considering their Q3/2004 performances, when
four of the 21 firms showed greater than 100% rates of growth, their high
growth potential is being achieved. This was led by Unique Mining Services
Pcl. (UMS) with THB42.06 mln. in profits, a remarkable 476% jump from the
same period last year due to its market expansion to small and medium-sized
clients, which has lead to a higher profit margin. Meanwhile the firm’s
sales & administration as well as interest expenses have increased only
slightly,” the mai President said.
The second fastest-growing company was Interlink Communication Pcl.
(ICT), which recorded THB9.57 mln. worth of profits, an increase of 325% over
Q3/2003. This was due to a more than 30% rise in its revenues generated from
the firm’s distribution business. It also earned from a network installation
project in the Suvarnabhumi Airport, and from producing smart cards used in
a Customs Department procedure.
L.V. Technology Pcl. (LVT) ranked as the third fastest-growing
mai-listed company, with THB12.39 mln. in profits, a 250% year-on-year
increase. LVT gained from increased sales as it offered more services to
large-scale projects in, for example, Iran and Pakistan. While LVT’s sales
and profits grew, its sales and administration expenses decreased from 31%
to only 5% of the total sales for this year.
The fourth fastest-growing firm on the mai is Porn Prom Metal Pcl.
(PPM). The company posted THB11.26 mln. in profits, soaring 117% over Q3/2003.
The contributing factors included a continuous expansion of its customer base
whilst its existing customers placed more orders as their industries prospered.
Its sales and administration expenses increased only slightly when compared
to its sales.
For overall 9M/2004 performance, the mai-listed companies collectively
posted THB628 mln., rising an impressive 33% over 9M/2003 figures. The top three
companies with highest profits for the 9-month period included 1) Unique Mining
Services Pcl. (UMS), with THB91.82 mln. or a 187% rise, 2) Thai Mitsuwa Pcl.
(TMW), with THB91.76 mln. in profits, an increase of 46%, and 3) Master Ad Pcl.
(MACO) with THB64.71 mln. worth of profits, up 28% over the same period last
year.
Mr. Vichate added that: “In Q3/2004, it is worth highlighting that
there were 3 companies that turned from losses to profits. They were CM
Organizer Pcl. (CMO), Chuo Senko (Thailand) Pcl. (CHUO), and The Brooker Group
Pcl. (BROOK).
When considering the entire 9-month period, there were 6 companies
that turned from losses to profits. These firms were International Research
Corporation Pcl. (IRCP), Matching Studio Pcl. (MATCH), Sherwood Chemicals Pcl.
(SWC), Pack Delta Pcl. (PD), Yuasa Battery (Thailand) Pcl. (YUASA), and Focus
Engineering and Construction Pcl. (FOCUS).”
He added that: “Currently there are 21 listed companies on the mai,
and another 10 in the process of listing. We believe that the mai-listed
companies will become increasingly attractive to investors.”
People interested in investing in the MAI-listed companies can learn
more from their research reports, browse www.settrade.com, or call the S-E-T
Call Center at Tel: 0 2229-2222.
Attachment to the MAI Release No.22/2004, November 23, 2004
MAI-Listed Companies’ Operational Performance
for Q3 and 9M Periods
Unit: Mil. Baht
Company Third quarter 9-month period
2004 2003 % change 2004 2003 % change
1. Unique Mining Services Pcl. (UMS) 42.06 7.3 476.16 91.82 32.01 186.85
2. Interlink Communication Pcl. (ICT) 9.57 2.25 325.33 30.74 4.47 587.7
3. L.V. Technology Pcl. (LVT) 12.39 3.54 250 30.82 21.14 45.79
4. Porm Prom Metal Pcl. (PPM) 11.26 5.19 116.96 34.89 21.12 65.2
5. Dhanamitr Factoring Pcl. (DM) 5 2.66 87.97 13.47 8.5 58.47
6. Lighting & Equipment Pcl. (L&E) 14.49 7.95 82.26 23.52 13.05 80.23
7. Solution Corner (1998) (SLC) 3.29 2.41 36.51 7.28 1.62 349.38
8. International Research Corporation Pcl. (IRCP) 23.54 20.39 15.45 26.15 31.51 -17.01
9. Thai Mitsuwa Pcl. (TMW)* 40.72 38.53 5.68 91.76 62.86 45.98
10. CM Organizer Pcl. (CMO) 29.73 -2.8 N.A. 39.15 11.76 232.91
11. Chuo Senko (Thailand) Pcl. (CHUO) 8.09 -7.33 N.A. 10.23 -6.64 N.A.
12. The Brooker Group Pcl. (BROOK) 4.83 -10.82 N.A. -10.37 -22.42 N.A.
13. Pico Thailand Pcl. (PICO) 4.87 5.64 -13.65 25.95 17.14 51.4
14. Master Ad Pcl. (MACO) 15.19 19.24 -21.05 64.71 50.37 28.47
15. Matching Studio Pcl. (MATCH) 7.18 9.37 -23.37 31.21 45.97 -32.11
16. Sherwood Chemicals Pcl. (SWC) 12.94 17.29 -25.16 36.39 51.8 -29.75
17. RK Media Holding Pcl. (RK) 6.25 8.32 -24.88 30.34 21.4 41.78
18. Pack Delta Pcl. (PD) 8.84 16.7 -47.07 33.01 50.47 -34.59
19. Yuasa Battery (Thailand) Pcl. (YUASA) 2.62 5.95 -55.97 -2.41 28.93 -108.33
20. Business Online Pcl. (BOL) 0.44 0.86 -48.84 5.15 0.61 744.26
21. Focus Engineering & Construction Pcl. (FOCUS) 0.18 5.67 -96.83 14.05 25.52 -45.02
Total 263.48 158.31 66.43 627.84 471.19 33.25
* Q2 accounting period ending June 30, 2004. The figure was adjusted
for 9M period comparison as the company’s accounting year ends on March 31. End.