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Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand (SET) revealed that 764 listed companies (listed companies) accounted for 92.49% of all 826 companies, both in the SET market and the Market for Alternative Investment (mai) that submitted financial statements for the first half of 2023, found that There were 577 listed companies reporting net profits, accounting for 75.52% of all companies that submitted financial statements.
The listed companies in the SET had sales of 8,339,880 million baht, a decrease of 2.8% compared to the same period last year. Production costs increased slightly. While selling and administrative expenses increased by 7.8% compared to the same period last year. As a result of the expansion of economic activities after COVID-19, listed companies have decreased core profits and net profits.
As for the financial position of the business, as of June 30, 2023, Thai listed companies had a debt-to-equity ratio or D/E ratio (excluding the financial industry) at 1.53 times, down from 1.59 times in the first half of 2022.
Mr. Manpong continued that oil prices and refining margins had dropped significantly. This affected the energy and petrochemical businesses, causing sales and profits to weaken considerably. But if considering other businesses excluding energy and petrochemical businesses It was found that sales grew modestly at 4.5%, especially in the service sector related to tourism such as hotels, shops.
“Listed companies face challenges in running their businesses in a variety of factors, including high production costs. Sales activities recovered and there was a significant increase in demand after the COVID situation. and higher interest rates as well.” Mr. Manpong said
While the performance of listed companies in mai for the first half of 2023 saw total sales of 95,183 million baht, an increase of 1.3% compared to the same period last year. Cost of production 71,014 million baht, a decrease of 0.3% compared to the same period last year. Selling and administrative expenses amounted to 18,619 million baht, an increase of 15.0% compared to the same period last year.
As a result, operating profit was 5,550 million baht, a decrease of 14.1% compared to the same period last year, and a net profit of 1,503 million baht, a decrease of 71.0% compared to the same period last year.
Recently, the Thai stock market closed on August 25, 2023, the index was at 1560.20 points, down 6.89% since the beginning of the year 2023.
2023-08-27 07:27:00
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