News Detail

Date/Time
06 Mar 2018 18:19:00
Headline
SET News :Thai listed firms' 2017 earnings up 9 pct to nearly THB 1 trillion
Symbol
SET
Source
SET
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   SET News 17/2018
                                                                                
          March 6, 2018
 
Thai listed firms' 2017 earnings up 9 pct to nearly THB 1 trillion
 
-    2017 net profits worth THB 990 billion, up 8.9 pct from last year

 
-    Economic expansion, higher oil prices, recovering exports and tourism support 
positive net profits

 

BANGKOK, March 6, 2018 - Companies listed on The Stock Exchange of Thailand 
(SET) and Market for Alternative Investment (mai) reported a combined net profit
of THB 990 billion (approx. USD 31 billion) in 2017, a 8.9 percent rise from a
year earlier. This was underpinned by promising growth of Thai economic
especially in export and tourism sectors, while higher oil prices pushed up
SET's Energy & Utilities sector's earnings growth.

The 2017 aggregate earnings of SET-listed firms ending December 31, 2017, were 
compiled from 566 listed firms, or 97.75 percent of the total 579 companies
(including property funds, real estate investment trusts and infrastructure
funds, excluding non-compliance and non-performing groups). Combined sales of
companies listed on SET were up 9.72 percent to THB 11.01 trillion and their
earnings up 9.05 percent to THB 982 billion boosted by the growing performance
in the Energy & Utilities as a result of rising crude oil price. However, net
profit of the Banking sector decreased slightly from the increase of bad loan
provisions. The companies listed on Market for Alternative Investment (mai) also
 reported the 2017 net profit of THB 4.97 billion.

In the fourth quarter of 2017, the continuing Thai economic growth pushed the 
combined net profit of SET-listed companies up 25.26 percent to THB 251 billion
from the same quarter of 2016 and up 20.47 percent from Q3/2017, while their
sale in Q4/2017 rose to THB 2.9 trillion.

Listed firm's profitability slightly decreased with gross profit margins down to
23.96 percent from 24.71 percent a year earlier and the net profit margins was
at 8.92 percent, slightly down from 8.98 percent. However, their capital
structures remained strong, with debt-to-equity ratio (excluding Financial
industry) at end-2017 was 1.14 times, down from 1.24 times at end-2016.

SET President Kesara Manchusree said, "Thailand's economic growth in 2017, 
estimated at 4.0 percent, with prominent growth in the second half, was led by
export and services industries, while tourism has continuously grown, as such
boosting up listed firms' net profits, in addition to healthy performance of
listed companies in the Energy & Utilities sector. Moreover, those in
Petrochemicals & Chemicals, Commerce, Tourism & Leisure, Transportation &
Logistics sectors reported growing sales and profit growth as well as gross
profit margin growth compared to 2016.

The companies listed on Market for Alternative Investment (mai) also reported 
the 2017 net profit of THB 4.97 billion, a 13.54 percent drop year-on-year
compared to 2016, with gross profit margin decrease to 23.20 percent from 24.80
percent a year earlier. "
 
                                     "SET... Make it Work for Everyone"
 
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