- Q1 net profit down 19.47 pct y-o-y at THB 1.78 billion (approx. USD 50.34 mln)
- Agro & Food Industry, Industrials, Consumer Products and Resources as top profit growth industry groups
Companies listed on Market for Alternative Investment (mai) reported a total sales of THB 31.04 billion (approx. USD 876.72 million) which remained stable compared to the same period last year, while their combined net profit decreased 19.47 percent year-on-year to THB 1.78 billion (approx. USD 50.34 mln).
mai President Prapan Charoenprawatt said that 120 mai-listed companies out of the total of 122 (excluding those in the non-compliance list: NC) have reported their performance in the first quarter of 2016, ending March 31, 2016. There were 86 companies making net profits, representing 72 percent of the total listed companies already disclosed their financial statements. Their total sales in the first quarter of 2016 dropped slightly by 0.14 percent from the same period of 2015, while their cost of sales increased 1.52 percent from a year earlier to THB 23.52 billion. As a result, their gross profit margin decreased to 24.24 percent from 25.48 percent during the same period last year, while their net profits decreased 19.47 percent to THB 1.78 billion.
"Despite mai-listed firms' combined net profit drop due to performance volatility of some businesses, seven of the eight industry groupsrecorded net profits. Among them, Agro & Food Industry, Industrials, Consumer Products and Resources industry groups recorded a profit increase. Significantly, listed firms in Agro & Food Industry and Consumer Products industry groups recorded positive net profit growth and sales growth, showing a good sign of household consumption rise. In addition, some alternative energy power plants have recognized revenue of their recent investment, while some firms were under business restructuring, the progress to be monitored."
Considering the performance from Q2/2015 to Q1/2016, there were 50 mai-listed firms that made profits for four consecutive quarters. Among these, four firms recorded a profit increase for fourth quarter in a row, namely Lease It pcl (LIT), Siam Wellness Group pcl (SPA), CPR Gomu Industry pcl (CPR) and Forth Smart Service pcl (FSMART).
There are currently a total of 126 companies listed on mai (as of May 19, 2016), the mai Index closed at 521.24 points, down 0.26 percent from the beginning of 2015 with a total market capitalization of THB 328.50 billion (approx. USD 9.28 bln), and average daily trading value of THB1.52 bln (approx. USD 42.80 mln). The price per earnings ratio (P/E ratio) was 62.29 times.
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