Thai listed firms’ post earnings of THB 241 bln in Q1/2013
- Q1 net profits of listed companies up 12.80 pct q-o-q to THB 241.60 billion (approx. USD 8.31 billion)
- Total sales up 4.88 pct q-o-q to THB 2.63 trillion (approx. USD 90.68 billion)
- PTT, PTTEP, SCB, PTTGC and KBANK are top five highest profit makers
BANGKOK, May 20, 2013 – Companies listed on The Stock Exchange of Thailand (SET) report a combined net profit of THB 241.60 billion (approx. USD 8.31 billion) over January-March 2013, up 12.80 percent from Q1/2012. The Financials industry and those relating to domestic consumption showed significant increases in sales and net profits.
Chanitr Charnchainarong, SET executive vice president, said: “Aggregate earnings were compiled from 448 listed firms, or 92.18 percent of the total 486 companies on SET (excluding those in the non-compliance and non-performing group), during January to March 2013. Of the firms, 381 companies, or 85.04 percent of the total, made net profits. Total sales in Q1/2013 rose 4.88 percent from Q1/2012 to THB 2.63 trillion (approx. USD 90.68 billion). Total net profits were THB 241.61 billion (approx. USD 8.33 billion), up 12.80 percent from the same period of last year. Gross profit margins rose to 18.26 percent, from 17.57 percent recorded during the same quarter of 2012, with net profit margins also increasing to 9.18 percent from 8.53 percent. At the same time, debt-to-equity ratio (excluding those in the Financials industry) was at 1.29 times.”
“The marked improvement in net profits reflected more effective cost management among companies, with those in the Financials and Consumer Products industries emerging as outstanding performers, due to the expansion in business credit and household debt, higher stock market indices and trading volume, as well as an improvement in the insurance business, while the impact of the 2011 floods appeared to ease. Listed companies in the manufacturing industry, especially those active in domestic consumption, have also enjoyed outstanding sales and profits. They are firms in the Commerce, Automotive, Construction Materials, Information & Communication Technology and Health Care Services sectors. Moreover, the Property Development sector reported better earnings and a positive growth outlook, due to high order backlogs. The Electronic Components business also showed a promising outlook despite continued pressure from the higher daily minimum wage policy, the stronger Thai baht and the global economic slowdown; all of which also affected the performances of the Agribusiness, Food and Beverage, Fashion, and Home & Office Products sector,” Chanitr added.
The five companies with the highest net profit, in descending order, were PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), Siam Commercial Bank pcl (SCB), PTT Global Chemical pcl (PTTGC), and Kasikornbank pcl (KBANK).
By industry group, the top three best performers with highest net profit in Q1/2013 were Property and Construction, Financials and Services, in descending order.
By sector, Energy & Utilities, Banking, and Information & Communication Technology were the top three best profit makers in terms of absolute amounts, with a combined THB 144.38 billion net profit, accounting for combined net profits of 59.76% of total net profits and combined sales of 55.12% of total sales.