Abstract
The Market for Alternative Investment (MAI) reported first quarter total sales of THB 54.03 billion, up 9.2% from last year. Profitability improved, with gross profits and net profits increasing significantly. Mai-listed companies showed growth in sales, profits, and improved financial structure.
Strong Growth in Sales and Profits for MAI-Listed Companies
Listed companies on the Market for Alternative Investment (MAI) saw a significant increase in total sales, reaching THB 54.03 billion in the first quarter, a 9.2 percent rise compared to the same period last year. The profitability of these companies also improved, as cost of goods sold and SG&A expenses grew at a slower pace than total sales, leading to a better performance in terms of net profits.
Enhanced Financial Structure and Market Performance
During the January-March period, MAI-listed companies experienced a surge in gross profits, with operating profits jumping 40.2 percent to THB 5.26 billion. The companies collectively reported a combined net profit increase of 76.2 percent to THB 4.61 billion, attributed to outstanding performances by some listed companies and gains from fair value adjustments of financial and digital assets. The companies also saw improvements in their overall financial structure, with a decrease in the debt-to-equity ratio to 0.78 times as of March 31, 2024.
