MAI-listed companies report a combined net profit of Bt5.26 billion for last year
Thai companies listed on the Market for Alternative Investment (MAI), under the Stock Exchange of Thailand group, reported 2014 combined net profit of Bt5.26 billion, up Bt721 million or 15.87 per cent from a year earlier.
MAI-listed companies report a combined net profit of Bt5.26 billion for last year
The Nation
Thai companies listed on the Market for Alternative Investment (MAI), under the Stock Exchange of Thailand group, reported 2014 combined net profit of Bt5.26 billion, up Bt721 million or 15.87 per cent from a year earlier.
The Resources, Industrial and Services groups were the top three profit makers.
MAI president Prapan Charoenprawatt said the aggregated profit figures came from 110 of the 113 companies that filed 2014 financial reports, of which 82 companies or about 75 per cent made net profits.
The combined sales were Bt120.25 billion, up 8.42 per cent from a year earlier. From a 7.53-per-cent rise in operating costs, total gross profit margin increased to 21.87 per cent, while total net earnings were reported at Bt5.26 billion, compared with Bt4.54 billion in 2013, up 15.87 per cent.
Overall performance of MAI-listed companies in 2014 showed continued growth compared with a year earlier, especially companies in the alternative-energy business that started to recognise their investment revenue.
Classified by industry, firms in Resources, Consumer Products and Services reported higher profits than a year earlier.
Of the total MAI-listed firms, the top five in terms of net profits, in descending order, were Energy Absolute (EA) at Bt1.6 billion, Thai Solar Energy (TSE) at Bt581 million, JSP Property (JSP) at Bt487 million, Thai Brooker Group (BROOK) at Bt256 million and E for L Aim (EFORL) at Bt241 million, Prapan said.
The top five profit makers by industry group were Resources, Industrial, Services, Consumer Products and Financials, with a total net profit of Bt5.91 billion.
As of March 5, the MAI Index was at 761.53 points, rising 8.78 per cent since the beginning of this year, with a total market capitalisation of Bt435.93 billion and average trading value of about Bt5.8 billion per day.
The price-to-earnings ratio was 80.73 times.
