Bangkok--20 Aug--SET
In H1/2009, listed companies on The Stock Exchange of Thailand (SET) posted aggregate net profits of THB 208.51 billion (approx. USD6.12billion) and total sales of THB2,885.61 billion (approx. USD84.73 billion). The top three industry groups were, in descending order of profitability, Resources, Financials, and Property and Construction Industry Groups. The top five firms, in descending order of profitability, were PTT, PTTEP, SCC, SCB, and BBL.
As of June 30, 2009, 471 of 500 SET-listed companies, including property funds, had reported their operating results for H1/2009, with aggregate net profits down 32% over H1/2008. Among those which submitted their reports, 340 companies posted net profits, while 131 reported net losses - a 72:28 ratio. Their total net profits in Q2/2009 were THB125.54 billion (approx. USD3.69 billion), a 17% year-on-year (y-o-y) decrease.
“However, if we look at Q2/2009 vs. Q1/2009, the overall picture shows clear signs of recovery. Q2/2009 total net profit of THB125.54 billion (approx. USD3.69 billion) was a 52% rise, or THB43.07 billion (approx. USD1.26 billion) more, than the Q1/2009 total net profit of the reporting firms. These favorable results came from a 13% rise in total sales, with Q2/2009 total sales reaching THB1,527 billion (approx. USD44.83 billion),” noted Ms. Patareeya.
SET100 Index companies’ H1/2009 net profits was at THB192.51 billion (approx. USD5.65 billion), a 29 % decrease year-on-year (y-o-y), with total sales dropping by 26%. However, the quarterly performance shows that in Q2/2009, SET100 Index companies posted a 45% rise in net profit.
Meanwhile, SET50 companies, H1/2009, recorded total net profit of THB181.46 billion (approx. USD5.33 billion), or a 27 % down y-o-y, with total sales dropping by 28%. However, in Q2/2009 compared to Q1/2009, SET50 Index companies posted a 18% increase in net profits.
The 447 listed firms in the eight industry groups (excluding companies in the non-compliance and non-performing groups) saw total net profit in H1/2009 of THB209.26 billion (approx. USD6.14 billion), a 32% decrease y-o-y. The Agro and Food Industry Group was the only industry group with increased net profits.
In order of descending net profitability, the industry groups’ H1/2009 results are as follows:
1. Resources Industry Group: (consisting of the Energy and Utilities and mining sectors) This group’s combined net profit was THB89.16 billion (approx. USD2.62 billion), a 32% drop over the same period last year. Meanwhile, Q2/2009 net profit recorded a 76% increase over Q1/2009.
2. Financials Industry Group: (consisting of the Banking, Finance and securities and insurance sectors) This industry group’s combined net profit was THB46.58 billion (approx. USD1.37 billion), a 12% decrease over the same period last year. Meanwhile, Q2/2009 net profit recorded a 0.57% decrease over Q1/2009.
3. Property and Construction Industry Group: (consisting of the Property development and Construction materials sectors, plus property funds) This group’s combined net profit was THB28.27 billion (approx. USD0.83 billion), a y-o-y decrease of 10%. Meanwhile, Q2/2009 net profit recorded a 19% increase over Q1/2009.
4. Technology Industry Group: (consisting of the Information and Communication technology and electronic components sectors) These firms’ combined net profit was THB18.03 billion (approx. USD0.53 billion), a y-o-y decrease of 30%. Meanwhile, Q2/2009 net profits recorded a 36% increase over Q1/2009.
5. Services Industry Group: (consisting of the Commerce, Health care services, Media and publishing, Professional services, Tourism and leisure, and Transportation and logistics sectors). This group posted a combined net profit of THB17.81 billion (approx. 0.52 billion), a decrease of 17% over H1/2008. Meanwhile, Q2/2009 net profits recorded an 84% decrease over Q1/2009.
6. Agro and Food Industry Group: (consisting of the Food and Beverage and Agribusiness sectors). This group’s net profit was THB12.22 billion (approx. 0.36 billion), a 22% increase over the same period last year. Meanwhile, Q2/2009 net profits recorded an 84% increase over Q1/2009.
7.Consumer Products Industry Group: (consisting of Fashion, Home and office products, Personal products and pharmaceuticals sectors) This group posted a net profit of THB 2.69 billion (approx. USD 78 million), a y-o-y decrease of 32%. Meanwhile, Q2/2009 net profit recorded a 483% increase over Q1/2009.
8. Industrials Industry Group: (consisting of the Automotive, Industrial materials and machinery, Packaging, paper and printing materials and Petrochemicals and chemicals sectors) This group’s combined net loss amounted to THB5.50 billion (approx. USD161.38 million), a decrease of 117% over the same period last year. Meanwhile, Q2/2009 net profit recorded a 157% increase over Q1/2009.
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