Thai listed firms’ Q3 earnings leap 252 pct to THB 209 billion
– Lower costs boosts gross profit margins up y-o-y to 23.7 pct
– Debt to equity ratio (excluding Financials industry) kept strong at 1.22 times
at end of Q3/2016
– Nine-month net profits worth THB 681 billion, up 35 pct from same period of
last year
BANGKOK, November 21, 2016 – Companies listed on The Stock Exchange of Thailand
(SET) reported a net profit of THB 208.99 billion (approx. USD 6 billion) in
Q3/2016, a 251.68 percent rise from Q3/2015, supported by falling costs and no
losses of foreign exchange rates and impairment.
Aggregate earnings were compiled from 527 listed firms, or 93.27 percent of the
total 565 companies (including property funds, real estate investment trusts and
infrastructure funds and excluding non-compliance and non-performing groups),
as of September 30, 2016. There were 425 companies making net profits,
representing 80.65 percent of the total listed companies already disclosed their
financial statements.
Decreasing global oil prices pushed down costs of production of most listed
companies, boosting gross profit up 9.50 percent to THB 590.66 billion and gross
profit margins up at 23.67 percent from 21.12 percent a year earlier, although
the overall sales dropped 2.27 percent to THB 2.50 trillion due to lower sales
of companies in Energy & Utilities and Petrochemicals and Chemicals sectors,
Meanwhile, Thai listed companies’ financial status at end-Q3 remained strong
with debt to equity ratio (excluding Financials industry) at 1.22 times, down
slightly from 1.23 percent at end-2015. From January to September, their net
profits were worth a combined THB 681.40 billion, a 34.94 percent rise from the
same period of last year, and their nine-month gross profit margin rose to 25.36
percent from 22.52 percent a year earlier, while their sales decreased by 4.41
percent toTHB 7.37 trillion.
Nevertheless, if excluding net profit of companies in Energy & Utilities and
Petrochemicals & Chemicals sectors affected by falling oil prices, the sales of
listed companies could be seen a 3.35 percent increase in Q3/2016 and a 4.51
percent increase in the first nine months of 2016, compared to the same period
of last year, while net profits could increase by 17.88 percent in Q3/2016 and
10.18 percent in the first nine months, compared to the same period last year.
SET Senior Executive Vice President Santi Kiranand said, “The overall
performance of the Thai listed companies in the first nine months has improved
corresponding to the macro economics factors that have recovered mainly from
services and consumer business. There were nine sectors that reported growth in
total sales, net profits and gross profit margin in the January-September period
compared to the same period last year, which are Banking, Property Development,
Food & Beverage, Steel, Fashion, Packaging, Home & Office Products,
Professional Services, and Paper & Printing Materials”.
Companies listed on Market for Alternative Investment (mai) reported net profit
in Q3/2016, a 34.51 percent year-on-year increase to THB 1.96 billion. As for
the first nine months of 2016,
it reported a net profit of THB 6.14 billion, a 2.05 percent rise from a year
earlier, added Santi.
Source: The Stock Exchange of Thailand
