Bangkok, May 26-Company reported operating results for the first quarter of 2023, with sales of 4.2 trillion baht, an increase of 4.6%, growing from tourism and increased economic activities. after country opening
Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand (SET) revealed that there are 786 listed companies (listed companies) representing 99.5% of the total 790 companies (including SET and mai, which are scheduled to submit financial statements at the end of March 31, 2023, and excluding mutual funds. total real estate Infrastructure Fund) submitted for the first quarter of 2023, it was found that there were 590 listed companies reporting net profits, representing 74.7% of all listed companies that submitted financial statements.
Performance for the 1st quarter of 2023 compared to the same period last year, listed companies in the SET had sales of 4,200,891 million baht, an increase of 4.6%, with production costs of 3,320,652 million baht, an increase of 7.3%. Core profit ) was 410,246 million baht, a decrease of 17.3%, and net profit was 261,116 million baht, a decrease of 6.2%. As for the financial position of the business, as of March 31, 2023, Thai listed companies had a debt-to-equity ratio or D/E ratio (excluding the financial industry) of level of 1.52 times, down from 1.58 times compared to the end of last year.
“Opening the country allows the economy to recover continuously, which has a positive effect on food, service, transportation, and tourism businesses. Banking and financial sectors also benefited from rising interest rates. However, the acceleration in adapting to the business revival has increased production and administrative costs. at a faster rate than sales Partly due to the volatility of raw material and commodity prices, resulting in lower profit margins for listed companies,” Manpong said.-Thai News Agency
Source: Thai News Agency
