BANGKOK, Companies listed on The Stock Exchange of Thailand
(SET) delivered a 41.1 percent year-on-year surge in total sales to THB 13.17
trillion (approx. USD 370.16 billion) and a 14.2 percent on year rise to THB
825.34 billion in net profits for the first nine months of 2022.
SET Senior Executive Vice President Manpong Senanarong said that 780 companies,
representing 97.5 percent of 798 SET- and Market for Alternative Investment
(mai)-listed companies (excluding property funds, infrastructure funds and
non-compliance or NC) reported their financial performance during the first nine
months, ending September 30, 2022. A total of 593 companies posted net profits,
accounting for 76.1 percent of the companies that submitted their financial
In the nine months through September 2022, SET-listed companies’ core operating
profits rose by 25.6 percent year-on-year to THB 1.49 trillion, though
production costs increased by 46.9 percent to THB 10.30 trillion. As for their
financial position at the end of September 2022, Thai listed companies’
debt-to-equity ratio (excluding Financials industry group) rose to 1.59 times
from 1.54 times over the same period a year before.
Unit : THB million 9M/2019 9M/2020 9M/2021 9M/2022 % YoY
Sales 8,922,200 8,103,475 9,334,756 13,171,982 41.1
Core operating profit 824,544 645,662 1,185,502 1,489,550 25.6
Net profit 677,352 381,628 722,753 825,344 14.2
Operating profit margin (%) 9.2 8.0 12.7 11.3
Net profit margin (%) 7.6 4.7 7.7 6.3
“The lift of COVID-19 restrictions and the country reopening have helped boost
economic activities, resulting in overall continuing economic growth and
recovery. Local and foreign tourism expenditure have contributed to the solid
growth in the Banking, and Finance & Securities sectors buoyed by loan growth.
Commerce, food, hospital and hotel businesses recorded higher sales but smaller
losses. However, fluctuations in commodities and exchange rates still affected
production costs and profitability rate of listed companies,” added Manpong.
Regarding the operating performance of mai-listed companies in the first nine
months of 2022, total sales rose by 23.8 percent on year to THB 153.58 billion,
production costs increased by 28.0 per cent to THB 121.25 billion, operating
profits were up 4.0 percent to THB 8.14 billion, and total net profits rose by
1.0 percent to THB 6.57 billion.
Source: The Stock Exchange of Thailand