Bangkok--8 Mar--SET
Fifty-nine out of 60 companies listed on Thailand’s Market for Alternative Investment (mai) have reported their 2009 operating results. Even though total net profits in 2009 dropped by 26% on a year-on-year basis to THB2.22 billion (approx. USD67.42 million), Q4/2009’s net profits were 69% over those of Q3/2009. Eleven firms had consistently made profits in every quarter for over ten consecutive quarters, namely, BOL, ETG, GFM, ILINK, STAR, TMW, TNDT, TNH, TPAC, UBIS, and UEC.
The 59 mai-listed companies had net profits in 2009 of THB2.22 billion (approx. USD67.42 million) and total sales of THB49.81 billion (approx. USD1.51 billion). These were decreases of 26% and 12% over 2008, respectively. Forty-seven companies, or 80% of mai-listed firms, posted net profits.
“The economic recession decreased total sales and net profits of mai-listed firms in 2009, comparing to previous year. However, in Q4/2009, mai-listed firms’ nets profits rose 69%,” revealed SET Group Head, Issuer & Listing and mai President Chanitr Charnchainarong.
Eleven firms had consistently made profits in every quarter for over ten consecutive quarters since listing on mai. These firms were: Business Online PCL (BOL), Eternity Grand Logistics PCL (ETG), Goldfine Manufacturers PCL (GFM), Interlink Communication PCL (ILINK), Star Sanitaryware PCL (STAR), Thai Mitsuwa PCL (TMW), Thai Nondestructive Testing PCL (TNDT), Thai Nakarin Hospital PCL (TNH), Thai Plaspac PCL (TPAC), UBIS (Asia) PCL (UBIS), and Unimit Engineering PCL (UEC).
“In 2009, twelve out of 59 mai-listed firms grew in sales, net profits, and gross profit margin compared to the previous year. Five of these also posted increases in sales, net profits, and gross profit margin, which are BGT Corporation PCL (BGT), Interlink Communication PCL (ILINK), Simat Technologies PCL (SIMAT), Thai Nondestructive Testing PCL (TNDT), Thai Plaspac PCL (TPAC),” concluded Mr. Chanitr.
As of March 4, 2010, the mai Index closed at 210.81, with total market capitalization of THB38.02 billion (approx. USD1.15 billion). For more information about mai-listed firms’ operating results, please visit www.set.or.th and www.settrade.com, or call S-E-T Call Center at 0 2229 2222.
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792