Listed companies earnings up 35% in Q3
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Listed Thai companies posted combined net profits of Bt216.8 billion in the third quarter of this year, up 34.67 per cent from the same period last year and 66.40 per cent from the previous quarter.
Listed Thai companies posted combined net profits of Bt216.8 billion in the third quarter, up 34.67 per cent from the same period last year and 66.4 per cent from the previous quarter.
Sales revenue of 449 companies rose 8.14 per cent to Bt2.57 trillion. Of the total, 373 companies showed positive performance in the quarter, according to the Stock Exchange of Thailand.
Listed companies’ nine-month earnings totalled Bt560.87 billion, up 0.38 per cent year on year. Total sales revenue in the first nine months went up 11.8 per cent to Bt7.6 trillion.
SET president Charamporn Jotikasthira attributed the sharp quarterly increase to the improvement among energy stocks, which showed foreign-exchange gains of Bt8.3 billion. In the same period last year, they reported forex losses of Bt8.6 billion.
“Exclusive of energy stocks’ performance, listed companies in the quarter also showed 9.65-per-cent and 13.49-per-cent increases in sales revenue and earnings respectively,” he said.
In the first nine months, the banking, property and property fund sectors had shown consisten increases in total sale revenue and net profits.
