MAI-listed firms post 7.29% rise in Q3 sales
Companies listed on the Market for Alternative Investment posted an increase in third-quarter sales of 7.29 per cent to Bt28.75 billion over the same period last year. However, the continuing rise in production and operating costs pushed down the net pr
MAI president Chanitr Charnchainarong said yesterday that the third-quarter financial statements of 90 of the 92 MAI-listed companies showed net profit falling 26.84 per cent to Bt1.34 billion.
The gross operating profit margin shrank to 20.25 per cent from 21.30 per cent.
Since many companies are expanding or making additional investments, depreciation and interest expenses pushed down the net profit margin to 4.60 per cent from 6.67 per cent.
In the quarter, 74 companies posted profits. As of Tuesday, the MAI index closed at 377.24 points, down 9.25 per cent from early this year. Market capitalisation was Bt184.66 billion, with average trading of Bt2.44 billion a day.
DUSIT THANI TO HOST SIXTH
HOTEL INVESTMENT MEET
The sixth Asia Pacific Hotel Investment Conference will be held from May 20-21 next year at the Dusit Thani as part of the International Hotel Investment Forum Summit series of events organised by Questex Hospitality + Travel. This follows the immense success of last year’s event and recognises the investment that has flowed into Thailand’s hospitality industry, establishing the country as a leader in the region.
Hosting the event in Bangkok for the second year, Marilyn McHugh, Questex Hospitality + Travel vice president of global events, yesterday said that Thailand is emerging as the hub for tourism in the region with arrivals this year expected to surpass 26 million for the first time and revenues anticipated to exceed Bt2 trillion by 2015.
“This exploding market will receive a further boost following the introduction of a tourism master plan by the Ministry of Tourism and Sports, with 28 infrastructure projects approved or in the pipeline and many more on-ground opportunities to discover,” she said.
ASIA-PACIFIC BUSINESS FORUM
AT UN CONFERENCE CENTRE
The United Nations Economic and Social Commission for Asia and the Pacific will hold its 10th Asia-Pacific Business Forum at the United Nations Conference Centre in Bangkok on Monday and Tuesday.
The forum is the first and only regional multi-stakeholder business forum organised by Escap and acts as a platform for regional public-private sector dialogue on the role and needs of business in achieving inclusive and sustainable development in the region.
This year’s event focuses on connecting the Pacific with Asia. Government leaders, including heads of state, and top business executives from across the region are expected to participate in this year’s 10th anniversary event.
With engaging and action-oriented dialogues, forum participants will actively shape and influence the policy and business environment in the Asia-Pacific region by formulating their own strategies and policy recommendations, which are in turn presented to the policymakers.
