Bangkok, Market for Alternative Investment (mai)-listed companies
reported total sales in the first half of 2022 rose 23.80 percent on year to
THB 99.90 billion (approx.. USD 2.78 billion), while cumulative operating profit
dropped 3.60 percent to THB 5.02 billion due to increasing cost of sales.
mai President Prapan Charoenprawatt said that 181 mai-listed companies,
accounting for 96 percent of the total 188 companies (excluding those in the
non-compliance or NC list and those with different closing dates for accounting
periods) submitted their operating results for the first half of 2022. A total
of 127 companies reported net profits, representing 70 percent of all the
companies that submitted financial statements.
mai-listed companies’ cost of sales which rose 29.20 per cent year-on-year to
THB 79.36 billion for the first six months of 2022 outpaced the rise in combined
sales, narrowing gross profit margin to 20.60 percent from 23.90 percent in the
same period last year and lowering operating profits. The total net profit in
the first half of 2022, however, rose 14.40 percent on year to THB 4.28 billion
owing to a one-off profit amounting to THB 1.42 billion from the divestment of a
power plant recorded by a listed company in the January-to-March period.
In the six months to June, four industry groups namely Property & Construction,
Services, Technology, and Agro & Food industry delivered higher operating
profits.
For the second quarter of 2022, mai-listed companies’ total sales soared 25.90
percent from the same period a year earlier to THB 51.52 billion, overall
operating profit fell 2.40 percent to THB 2.53 billion, while total net profit
rose 1.2 percent to THB 1.53 billion.
“In the first half of 2022, most listed companies recorded sales growth in line
with the ease of the COVID-19 pandemic restrictions, with exception of those
from financials business group. However, the rising oil and commodity prices
pushed up total cost of sales, and then lowered listed companies’ profit margin.
All in all, listed companies managed to control selling and administrative
expenses to sales ratio, resulting in a slight decrease total operating profit.
In addition, certain businesses started to pick up such as restaurant, event and
tourism-related business groups, among others,” added Prapan.
In terms of financial position, mai-listed firms’ total assets increased 5.56
percent from the end of 2021 to THB 302.58 billion in the first six months of
2022, with stronger capital structure as seen by the lower debt-to-equity ratio
(D/E ratio) to 0.92 time from 1.02 times over the same period.
Currently, there are 188 companies listed on mai. As of August 24, 2022, mai
Index closed at 641.12 points, with the total market capitalization of THB
550.91 billion and average daily trading value of THB 6.32 billion.
Source: The Stock Exchange of Thailand
