Bangkok--5 Mar--SET
In 2009, companies listed on The Stock Exchange of Thailand (SET) and Market for Alternative Investment (mai) posted aggregate net profits of THB 446.51billion (approx. USD13.53 billion), an increase of 42%, with total sales of THB6.39 trillion (approx. USD193.62 billion). The top three industry groups in terms of absolute amounts and in descending order were Resources, Financials, and Property and Construction Industry Groups. The top five firms, in descending order of profitability in absolute amounts were PTT, SCC, PTTEP, BBL and SCB. As of March 3, 2010, 291 listed firms had announced their dividend payments, with a high average rate of 4% (as of December 31, 2009).
Of the 561 listed firms on SET or mai, 541, or 96% of the total, including 26 property funds, had reported their operating results as of December 31, 2009, with aggregate net profits of THB446.51 billion (approx. USD13.53 billion), increasing 42% from the previous year’s amount of THB313.71 billion (approx. USD9.51 billion), revealed SET President Patareeya Benjapolchai.
482 SET-listed firms which had submitted in their financial statements as of December 31, 2009, (of 501 total SET listed firms), recorded profits totaling THB444.29 billion (approx. USD13.46 billion), an increase of 43% over 2008, even though total sales reached only THB6.34 trillion (approx. USD192.11 billion), a 14% drop over 2008.
“The strength of business sectors and the firms’ ability to adjust their strategies resulted in the companies’ improved operating performance,” revealed President Patareeya.
Meanwhile, in Q4/2010, firms on SET and mai recorded total net profits of THB114.30 billion (approx. USD3.46 billion), soaring 219% above the previous year’s net loss of THB96.45 billion (approx. USD2.92 billion). The most outstanding groups were the Resources, Services and Industrials Groups, with net profits of THB29.36 billion (approx. USD0.89 billion), THB15.51 billion (approx. USD0.47 billion), and THB4.54 billion (approx.0.14 billion), respectively. These results were due to rises in sales, increased gross profit margins, and profits from currency exchange rates.
SET100 Index companies posted net profits of THB391.02 billion (approx. USD11.85 billion), accounting for 88% of listed firms’ net profits, up 46% year-on-year. Total sales dropped 16%, but costs of sale declined 19%, resulting in an increase in gross profit margin to 19% from 16% in the previous year.
The top five most profitable stocks, in descending order and absolute amounts, were PTT PCL (PTT), The Siam Cement PCL (SCC), PTT Exploration and Production PCL (PTTEP), Bangkok Bank PCL (BBL), and The Siam Commercial Bank PCL (SCB).
The 461 listed firms in the eight industry groups (excluding the Non-compliance and Non-performing Groups) enjoyed total net profits in 2009 of THB444.16 billion (approx. USD13.46 billion), a 43% increase y-o-y. In order of descending net profitability in absolute amount in 2009, the industry groups’ results are as follows:
Resources Industry Group: (consisting of the Energy and Utilities and Mining sectors) this group recorded net profits of THB158.51 billion (approx. USD4.80 billion), a 77% rise.
Financial Industry Group: (consisting of the Banking, Finance and Securities and Insurance sectors) this group recorded net profits of THB101.38 billion (approx. USD3.07 billion), a 12% rise over 2008. No bank recorded a net loss, and 12 banks posted net profits of THB91.31 billion (approx. USD2.77 billion), a 10% rise y-o-y.
Meanwhile, firms in the Finance and Securities Sector posted net profits of THB2.40 billion (approx. USD72.91 million), soaring THB1.79 billion (approx. USD54.21 million), or 290% rise y-o-y.
Property and Construction Industry Group: (consisting of the Property Development and Construction Materials sectors, plus Property Funds) posted net profits of THB68.24 billion (approx. USD2.07 billion), a 54% increase over 2008.
Technology Industry Group: (consisting of the Information and Communication Technology and Electronic Components sectors) this group recorded net profits of THB37.37 billion (approx. USD1.13 billion), a 16% increase over 2008.
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 net profits of THB35.87 billion (approx. USD1.09 billion), an 88% rise over 2008.
Agro and Food Industry Group: (consisting of the Food and Beverage and Agribusiness sectors) this group recorded net profits of THB29.62 billion (approx. USD897.64 million), up 63% y-o-y.
Consumer Products Industry Group: (consisting of Fashion, Home and Office Products, Personal Products and Pharmaceuticals sectors) this group posted net profits of THB6.95 billion (approx. USD210.55 million), a rise of 40% over 2008.
Industrials Industry Group: (consisting of the Automotive, Industrial Materials and Machinery, Packaging, Paper and Printing Materials and Petrochemicals and Chemicals sectors) this group recorded net profits of THB6.17 billion (approx. USD186.97 million), plunging 50% over 2008 due to the THB13.37 billion loss (approx. USD405.03 million) in the Industrial Materials and Machinery sectors.
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