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Date/Time
07 Mar 2017 17:52:00
Headline
SET News :mai-listed firms report THB 3.9 bln net profits in 2016
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SET
Source
SET
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                                                                         SET 
News 16/2017
                                                                               
March 7, 2017


mai-listed firms report THB 3.9 bln net profits in 2016

-  2016 sales worth THB 131.14 billion, up 5.35 pct y-o-y

-  Net profits worth 3.89 billion, down 8.73 pct y-o-y, partly due to extra 
items booked

BANGKOK, March 7, 2017 - Companies listed on Market for Alternative Investment 
(mai), reported sales of THB 131.14 billion (approx. USD 3.75 billion) in 2016,
a 5.35 percent increase from a year earlier, while their combined net profits
dropped by 8.73 percent to THB 3.89 billion. Six out of eight industries showed
revenue and net profit growth.

mai President Prapan Charoenprawatt  said the aggregate amount was from the 131 
mai-listed companies, or 95.62 percent of the total 137 firms (excluding those
in the non-compliance group, and those not submitting the report in time),  as
of December 31, 2016. Among those reporting firms, 95 companies, or 72.52
percent, reported net profits. The combined sales were THB 131.14 billion, up
5.35 percent from a year earlier, with gross profit rising to THB 30.25 billion,
or  5.71 percent increase from a year earlier, while total net earnings was
worth THB 3.89  billion, down 8.73 percent from 2015.

"The combined net profits of mai-listed firms pushed down by extra items booked 
of impairment of assets, not expected to generate income, worth 1.86 billion.
However, if excluding these extra items, the net profit of mai-listed companies
could be seen a 9.86 percent increase in 2016, compared to the previous year. In
addition, there were six out of eight industry groups that reported growth in
both total sales and net profits in 2016, which were Services, Resources,
Financials, Industrial, Consumer products and Agro & Food Industry,
corresponding to the domestic consumption recovery. Many firms have accelerated
their investment throughout 2016 as seen from their total assets rising by 22.67
percent or THB 38.61 billion, while their liabilities increased by 37.20
percent, or THB 27.86 billion. Meanwhile, mai-listed companies' financial status
remained strong with debt-to-equity ratio at 1.00 times, up slightly from
2015."

In quarter 4/2016, the combined net loss was THB 472 million, compared to THB 
233 million loss in the same period a year earlier.

As at March 6, 2017,  the mai index closed at 606.05 points, down 1.66 percent 
from the beginning of this year, with a total market capitalization of THB
325.19 billion (USD 9.29 billion) and average daily trading value of THB 2.78
billion.

                                        "SET... You Grow, We Groom"
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