Bangkok--21 May--SET
Forty-three listed companies on the Market for Alternative Investment (mai) reported a combined THB 8,609 million sales in the first quarter of 2007. This amount represented 15% growth year-on-year (y-o-y). The companies had combined net profits of THB 379 million. Six companies showed exceptional growth rates of over 100% y-o-y. Number one was by Sherwood Chemical (SWC) followed by C.I. Group (CIG), Star Sanitaryware (STAR), Focus Engineering and Construction (FOCUS), Thai Nakarin Hospital (TNH), and L.V. Technology (LVT).
SWC posted THB 18 million in profit in Q1/2007 compared to only THB 1.0 million in Q1/2006, hence marking a 1,576% spike y-o-y. The company posted THB 145 million in sales, or a 44% rise from THB 100 million in Q1/2006.
CIG posted THB 23 million in profits in Q1/2007 compared to THB 4.0 million in Q1/2006, or a 527% rise. The company posted THB 328 million in sales, a leap of 40% from THB 234 million in Q1/2006.
STAR posted THB 6.0 million profits in Q1/2007 compared to only THB 1.0 million in Q1/2006, or a 469% increase. Its y-o-y sales went up 15%--from THB 49 million to THB 60 million.
Forty-three mai-listed companies submitted their financial statements for Q1/2007, which ended March 31. These companies posted THB 379 million in net profits, an increase of 5.6% from THB 359 million in Q1/2006. Six of them achieved more than 100% profit growth, mai President Mr. Chanitr Charnchainarong announced.
Total sales were recorded at THB 8,609 million, up 15% from THB 7,478 million in Q1/2006. Companies having more than 100% sales growth were Focus Engineering and Construction (FOCUS) and Unique Mining Services PCL (UMS) which posted, respectively, 131% and 112% in sales growth.
The most profitable company was Unimit Engineering PCL (UEC), which posted THB 64 million in profit, a y-o-y jump of 55%. It posted THB 357 million in sales. Second-ranking was Unique Mining Services PCL (UMS), which posted a profit of THB 58 million, a y-o-y increase of 84%, and THB 515 million in sales. The third most profitable company was Goldfine Manufacturers PCL (GFM), posting THB 38 million profit, a 56% increase over the same period in 2006. It had sales of THB 370 million.
“Operational performance of mai-listed companies in Q1/2007 showed that their fundamentals were strong enough to weather the uncertainties in economic and political conditions. Also, there are signs of improvement. Nevertheless, some companies still suffered from the high cost of raw materials, notably lead, as well as from fiercer competition,” Mr. Chanitr concluded.
Presently, there are 44 companies listed on mai. Total market capitalization of mai stands at THB 25,026 million. The mai Index closed at 210.93 on May 17, 2007. That was an increase of over 9% from 193.43 at the end of 2006.
More information on listed companies’ performance can be found at www.mai.or.th . Interested persons are invited to apply for a free email update on mai by contacting [email protected] or calling SET Call Center on 0-2229-2222.
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797