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Thai listed companies show Q1/2023 budget, good sales growth in response to country opening But costs and expenses increase, profitability shrinks : InfoQuest

Mr. Manpong Senanarong, Deputy Manager, Head of Issuing Division The Stock Exchange of Thailand (SET) revealed that there are 786 listed companies (listed companies) representing 99.5% of the total 790 companies (including SET and may, which are to be to submit financial statements at the end of March 31, 2023, and excluding mutual funds, including real estate, infrastructure funds) submitted for the 1st quarter of 2023, it was found that 590 listed companies reported a net profit, which is 74.7% of the all listed companies that submitted financial statements.

1Q23 performance compared to the same period last year, SET listed companies had sales of 4,200,891 million baht, an increase of 4.6%, with production costs of 3,320,652 million baht, an increase of 7.3% core profit) 410,246 million baht, a decrease of 17.3% and a net profit of 261,116 million baht, a decrease of 6.2%.

As of March 31, 2023, Thai listed companies had a debt-to-equity ratio or D/E ratio (excluding the financial industry) at 1.52 times, down from 1.58 times compared to the end of last year.

profitability ratio Ch1/2565 Ch1/2566
edge 23.00% 21.00%
Core Operating Profit Margin 12.40% 9.80%
net profit margin 6.90% 6.20%

“Opening up the country allows the economy to continue to recover, which has a positive impact on food, service, transport and tourism businesses. The banking and financial sectors also benefited from rising interest rates. However, the acceleration in adapting to the business revival has increased production and administrative costs at a faster rate than sales. Partly due to the volatility of raw material and commodity prices, resulting in lower profits for listed companies.” Mr Manpong said

Regarding the performance of listed companies in the Market for Alternative Investment (May), Q1/2023 compared to the same period last year, total sales were 52,334 million baht, an increase of 4.6%, production costs were 40,050 million baht , an increase of 2.6% Operating profit was 3,293 million baht, an increase of 10.3% and net profit of 2,153 million baht, a decrease of 32.4%.

By InfoQuest News Agency (26 May ’23)

Tags: SET , Stock Exchange of Thailand , Stock Exchange of Thailand , listed companies, Manpong Senanarong

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