Companies listed on Market for Alternative Investment (mai) delivered a 5 percent year-on-year rise in total sales to THB 52.33 billion (approx. USD 1.51 billion) for the Jan-to-March period of 2023. Their quarterly operating profits increased 10 percent from the same period a year earlier to THB 3.29 billion, buoyed by cost controls.
mai President Prapan Charoenprawatt said that 198 mai-listed companies or 96 percent of all the 206 companies (excluding those in the non-compliance or NC list and those with different closing dates for accounting period) submitted their financial reports for Q1/2023. Out of these, 142 listed companies reported net profits, representing 72 percent.
For the first quarter of 2023, mai-listed companies’ total sales rose 5 percent on year to THB 52.33 billion while cost of sales was up 3 percent to THB 40.05 billion. The companies managed to control costs at a satisfactory level, resulting in a 10 percent increase in operating profits to THB 3.29 billion. The overall net profits dropped 32 percent from the same period a year before to THB 2.15 billion due to the high base effect of COVID-19-related product sales and the absence of earlier one-off gain worth THB1.4 billion recorded by a company in the Industrials industry group. If the extra items of all mai-listed companies had been stripped out, their total net profits would have risen by 34 percent on year.
“In the first quarter of 2023, the majority of mai-listed companies recorded sales growth in line with the…
mai-listed firms post 5% rise in Q1/2023 total sales to THB 52.33 billion – SET News
