Stock/nine month report

Editorial team

Thai listed firms report 9-month sales & profit growth boosted by continuing economic recovery
Companies listed on the Stock Exchange of Thailand (SET) delivered a 41.1 % year-on-year surge in total sales to 13.17 trillion baht (approx. US$ 370.16 billion) and a 14.2 % on year rise to 825.34 billion baht in net profits for the first nine months of 2022.

SET senior executive vice president Manpong Senanarong

SET senior executive vice president Manpong Senanarong said that 780 companies, representing 97.5 % 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 % of the companies that submitted their financial statements.

In the nine months through September 2022, SET-listed companies’ core operating profits rose by 25.6 % year-on-year to 1.49 trillion baht, though production costs increased by 46.9 % to 10.30 trillion baht. 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

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 banging, 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,” said Mr Manpong.

Regarding the operating performance of mai-listed companies in the first nine months of 2022, total sales rose by 23.8 % on year to 153.58 billion baht, production costs increased by 28 % to 121.25 billion baht, operating profits were up 4.0 percent to 8.14 billion baht, and total net profits rose by 1.0 % to 6.57 billion baht.