- Property & Construction, Financials and Resources as top three profit growth industries
Thai companies listed on Market for Alternative Investment (mai) reported the 2015 combined net profit of THB 5.72 billion (approx. USD 161 million), up 10.19 percent from a year earlier. Property & Construction, Financials and Resources were top three profit growth industries.
mai President Prapan Charoenprawatt said that the aggregated profits came from 118 companies out of a total of 122 companies that filed their 2015 financial reports (excluding those not submitting the report in time and non-compliance group), of which 87 companies or about 74 percent made net profits. The combined sales were THB 124.9 billion (approximately USD 3.5 billion), up 1.79 percent from a year earlier. With a 2.16 percent decrease of operating costs to THB 94.5 billion, the total gross profit margin increased to 24.33 from 21.27 percent in 2014, thereby their total net earnings increase to THB5.72 billion, up 10.19 percent.
"The overall performance of mai listed companies in 2015 showed continued growth, compared to a year earlier, especially companies in the alternative energy business which started to recognize their investment revenues from selling commercial electricity, however, some were still facing higher depreciation and financial cost due to business expansions. Classified by industry, firms in Property & Construction, Financials and Resources reported higher profits than the previous year," said Prapan.
Of the total mai-listed firms, there were eight companies that have reported profit growth for three consecutive years from 2013-2015, Akkhie Prakarn pcl (AKP), Arrow Syndicate pcl (ARROW), Bangkok Dec-Con pcl (BKD), Energy Absolute pcl (EA), East Coast Furnitech pcl (ECF), Gratitude Infinite pcl (GIFT), New Plus Knitting pcl (NPK), and Thai Nakarin Hospital pcl (TNH).
As of March 4, 2016, the mai index closed at 495.88 points, down 5.12 percent from the beginning of this year, with a total market capitalization of 309.42 THB billion (USD 8.7 billion) and average daily trading value of 1.33 billion. The price-to-earnings ratio (P/E ratio) was 54.89 times.