Bangkok--20 May--SET
Listed companies on The Stock Exchange of Thailand (SET) posted their Q1/2009 profits at THB80.28 billion (approx. USD2.33 billion) and total sales at THB1.35 trillion (approx. USD39.30 billion). The top three most profitable industry groups were, in descending order, Resources, Financials, and Services. The top five most profitable firms, in descending order, were THAI, PTT, PTTEP,SCB, and SCC.
For Q1/2009, 468 out of 496 SET-listed companies (including property funds), showed a combined net profit of THB80.28 billion (approx. USD2.33 billion), which is 48% year-on-year (y-o-y) decrease, SET President Patareeya Benjapolchai revealed. Of the 468 firms, 69%, or 325 firms, posted net profits. Meanwhile, the total sales of reporting firms came to THB1.35 trillion (approx. USD39.30 billion), a 24% y-o-y decline.
“Overall Q1/2009 earnings of listed firms which had net profits in that quarter amounted to THB80.28 billion (approx. USD2.33 billion). This was almost a doubling of net profits, or a 196% rise, over the net losses of THB83.62 billion (approx. USD2.43 billion) in Q4/2008. This is due mainly to an effective cost of sales management,” said Ms. Patareeya.
SET100 companies recorded net profits of THB77.77 billion (approx. USD2.26 billion), which is a 42% y-o-y decrease. Total sales was 26% down, while cost of sales decreased by 28%, resulting in an increase in gross profit from 18% to 20%. Meanwhile, SET50 firms altogether recorded total net profits of THB83.09 billion (approx. USD2.41 billion), or a drop of 32% decline. Total sales decreased by 27%, while the cost of sales was 31% down, resulting in an increase in gross profit from 18% to 21%.
The top five most profitable stocks, in descending order, were Thai Airways International PCL (THAI), PTT PCL (PTT), PTT Exploration and Production PCL (PTTEP), The Siam Commercial Bank PCL (SCB), and The Siam Cement PCL (SCC).
The 449 listed firms in the eight industry groups (excluding companies in the non-compliance and non-performing groups) saw total net profit of THB80.57 billion (approx. USD2.34 billion), or 48% lower y-o-y.
In descending order of net profitability, industry group results are as follows:
1. Resources Industry Group (consisting of the energy and utilities and mining sectors): This group’s combined net profit was THB32.35billion (approx. USD0.94 billion), a y-o-y drop of 39%. However, this industry group’s net profits in Q1/2009 were a quarter-on-quarter (q-o-q) rise of 151% over Q4/2008’s net losses of THB63.72 billion (approx. USD1.85 billion).
2. Financials Industry Group (consisting of the banking, finance and securities, and insurance sectors): This group’s combined net profit was THB23.31billion (approx. USD0.68 billion), a y-o-y decrease of 18%. However, this group’s net profits in Q1/2009 were a 105% increase over Q4/2008’s net profits of THB11.35 billion (approx. USD0.33 billion).
3. Services Industry Group (consisting of health care services, tourism and leisure, transportation and logistics, professional services, commerce, media and publishing sectors): This group posted combined net profits of THB13.05 billion (approx. USD0.38 billion), a decrease of 26% over Q1/2007. However, this group’s Q1/2009 net profits rose by 1,179% over Q4/2008, which saw net profits of THB1.02 billion (approx. USD29.63 million).
4. Property and Construction Industry Group (consisting of the property development and construction materials sectors, plus property funds): This group had combined net profit was THB12.63 billion (approx. USD0.37 billion), a y-o-y decrease of 28%. However, this group’s net profits in Q1/2009 were a rise of 443% over Q4/2008 results, which had net losses of THB3.69 billion (approx. USD0.11 billion).
5. Technology Industry Group (consisting of the information and communication technology and electronic components sectors): This group’s combined net profits of THB7.72 billion (approx. USD0.22 billion) were a y-o-y drop of 54%. However, this group’s net profits in Q1/2009 were an increase of 253% over Q4/2008, which recorded net losses of THB4.46 billion (approx. USD0.13 billion).
6. Agro and Food Industry Group (consisting of the food and beverage and agribusiness sectors): This group’s net profit was THB4.39 billion (approx. USD0.13 billion), a decrease of 5% over Q1/2008. However, this group’s net profits in Q1/2009 increased by 293% over Q4/2008.
7.Consumer Products Industry Group (consisting of fashion, home and office products, personal products and pharmaceuticals sectors): This group posted net profits of THB0.39 billion (approx. USD11.33 million), a y-o-y decrease of 79%. However, this group’s net profits in Q1/2009 dropped by 46% over Q4/2008.
8. Industrials Industry Group (consisting of petrochemicals and chemicals, industrial materials and machinery, packaging, paper and printing materials, and automotive sectors): These firms posted a combined net loss of THB13.26 billion (approx. USD0.39 billion), a y-o-y net losses increase of 195%. However, this group’s Q1/2009’s net losses were just 50% of Q4/2008’s net losses of THB26.62 billion (approx.USD0.77 billion)