BANGKOK, Companies listed on Market for Alternative
Investment (mai) reported a 23.8 percent on year increase in total sales to THB
153.58 billion (approx. USD 4.31 billion), a 4.0 percent rise in aggregate
operating profits to THB 8.14 billion, and a 1.0 percent rise in total net
profits to THB 6.57 billion during the first nine months of 2022.
mai President Prapan Charoenprawatt said that 185 mai-listed companies or 96
percent of the total 192 companies (excluding those in the non-compliance or NC
list and those with different accounting period closing dates) submitted their
operating results for the first nine months of 2022. A total of 131 companies
reported net profits, representing 71 percent of all the companies that
submitted financial statements.
In the first nine months of 2022, mai-listed companies cost of sales rose by
28.0 percent from the same period a year earlier to THB 121.25 billion,
narrowing gross profit margin (GPM) to 21.0 percent from 23.6 percent, Over the
same period, four industry groups recorded an increase in total sales, total
operating profits, and total net profits, namely Agro & Food industry, Property
& Construction, Services, and Technology.
For the third quarter of 2022, mai-listed companies’ total sales rose by 22.8
percent from a year earlier to THB 52.29 billion, total operating profits
increased by 13.4 percent to THB 2.96 billion and total net profits dropped by
18.6 percent to THB 2.18 billion.
“For the nine-month period of 2022, most mai-listed companies reported sales
growth, in line with the economic pickup which is gaining speed for the post
COVID-19 pandemic and the return of foreign tourists. All industry groups, with
exception of the Financials, recorded sales increase. Although most listed
companies faced higher costs from rising oil and commodity prices, lowering the
profitability rate, they managed to control the ratio of sales and
administrative expenses to total sales. As a result, operating profits continued
to increase. In addition, restaurants, event organizing, tourism-related, and
export businesses – that gained benefit from the weaker baht – started to
recover,” added Prapan.
In terms of financial position, mai-listed firms’ total assets rose by 7.3
percent from the end of 2021 to THB 309.64 billion, with overall stronger
capital structure. The debt-to-equity ratio (D/E ratio) declined to 0.89 time
from 1.03 times over the same period.
Currently, there are 193 mai-listed companies. As of November 24, 2022, mai
Index closed at 580.47 points, with the total market capitalization of THB
518.42 billion and average daily trading value of THB 5.85 billion.
Source: The Stock Exchange of Thailand
