SET reveals listed company profits in 2023 of 961,042 million baht, down 10.7%, under pressure from oil-related business categories. Agriculture and food industry But companies in the tourism and technology sectors continue to grow.
Mr. Manphong Sinanarong, Deputy Director, Head of Securities Issuance Department The Stock Exchange of Thailand (SET) revealed that there were 817 listed companies (Ltd.), representing 99.51% of the total 821 companies (including SET and Mai which are scheduled to file their end-of-period financial statements in December ) January 31, 2023, excluding funds Total Real Estate and (Infrastructure Fund) presented operating results for the year 2023. It was found that 626 companies achieved net profits, representing 76.62% of the total companies that submitted their financial statements.
Performance in 2023 Compared with the previous year, companies in SET achieved sales of 17,231,564 million baht, a decrease of 2.6%, production costs decreased by 2.2%, while selling and administrative expenses increased by 3.9%, which led to a decline for the listed companies. The company achieved profit from core operations of 1,649,990 million baht and net profit of 961,042 million baht, a decrease of 12.4% and 10.7%, respectively. For the company's financial position as at 31 December 2023, Thai listed companies had a debt:equity ratio of Or the D/E ratio (excluding financial industry) is 1.51 times, down from 1.54 times in 2022.
“The overall performance has weakened in both sales and operating profits. It is affected by lower prices of various commodities. Both in oil, agricultural products and food groups, as well as increased operating expenses. Interest rates remain high,” Mr. Manpong said. Tourism-related businesses have clearly recovered and continued to grow due to the government's promotional policies, such as aviation, hotels, space leasing, retail and telecommunications.”
In terms of the operating results of companies listed on the Alternative Investment Market (MAY) for the year 2023 compared to the same period last year, total sales reached 200,181 million baht, an increase of 2.1%, production costs reached 147,987 million baht, an increase of 0.5%, and selling and administrative expenses amounted to 40,007 million baht, an increase. of 13.4%, resulting in an operating profit of 12,186 million baht and a net profit of 5,901 million baht, a decrease of 10.2% and 35.1%. %, respectively.
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