Thai alternative market firms record THB 10,586 mln. in Q3/2007 revenue

ข่าวทั่วไป Wednesday November 21, 2007 14:47 —PRESS RELEASE LOCAL

Bangkok--21 Nov--SET Forty-six companies listed on Market for Alternative Investment (mai) reported total Q3/2007 revenue of THB 10,586 million (approx. USD 311.35 million) and total net profit of THB 545 million (approx. USD 16.03 million). The three firms with the highest net profit were UEC, UMS, and GFM. The firms recording more than 200% profit growth include FOCUS, CIG, LVT, and STAR. In Q3/2007, 46 mai-listed companies recorded a 4% revenue increase from the same period last year, when total revenue was THB 10,221 million. In Q3/2007, mai-listed companies’ net profit was 35% lower than for the same period last year, when total net profit was THB 836 million, mai President Mr. Chanitr Charnchainarong said. The three firms with the highest net profit in Q3/2007 were Unimit Engineering PCL (UEC) which recorded net profit of THB 107 million, followed by Unique Mining Services PCL (UMS) with THB 102 million and Goldfine Manufacturers PCL (GFM) with THB 55 million. For 9M/2007, the total revenue of mai-listed firms was THB 31,649 billion, or a 12% increase over 9M/2006, when total revenue stood at THB 28,247 million (approx. USD 830.79 million). However, 9M/2007 net profit from mai-listed companies totaled THB 1,396 million (approx. USD 41.06 million), 18% lower than for the same period in 2006 when total net profit was THB 1,700 million. Meanwhile, firms recording more than 200% growth in 9-month net profit include Focus Engineering and Construction PCL (FOCUS) with 1,275% growth; C.I.Group PCL (CIG) with 289%, L.V. Technology PCL (LVT) with 238%, and Star Sanitaryware PCL (STAR) with 219%, respectively. “Although mai-listed companies recorded higher collective revenue for the period, their collective profit declined. The manufacturing sector has been hit hard by the strong Thai baht and rising oil prices which have directly affected transportation costs. In addition, many firms suffered from the sluggish economic conditions, while several state project tenders and commencements have also been delayed. Companies that expected to benefit from these have recorded lower revenue or postponed their revenue realization. Most of the affected firms are in the media, services or IT sectors. However, these negative factors will dissipate once the new government has been elected,” Mr. Chanitr stated. Currently, there are 46 firms listed on mai, with total market capitalization of THB 36,562 million (approx. USD 1,075.35 million) and the mai index closed at 270.39 points (as of November 16, 2007). For more information on listed companies’ operational results, please visit www.mai.or.th, register for a free mai newsletter via e-mail at [email protected] or call S-E-T Call Center at 0-2229-2222.

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