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Thai listed companies in 2022 grow well, but profits are pressured by costs

Bangkok, March 17-listed companies Reporting 2022 operating results, sales grew well due to opening of the country and increasing number of tourists. However, profit margin growth slowed. It was affected by both production costs and increased finance costs.

 

Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand revealed that there are 798 listed companies (listed companies) or 98.6% of the total 809 companies (including SET and mai and excluding property funds). Infrastructure Fund, listed companies in the group that may be subject to possible delisting (NC) submitted the operating results for the year 2022 ending December 31, 2022. It was found that there were 619 listed companies reporting net profits, representing 77.6% of listed companies. that submits all financial statements

 

Performance for the year 2022 compared to the same period last year, listed companies in the SET had sales of 17,680,306 million baht, an increase of 32.4%, companies with production costs of 13,916,480 million baht, an increase of 36.8%. profit) 1,832,029 million baht, an increase of 18.4% and a net profit of 974,759 million baht, a decrease of 1.9%. However, in 2022 there were quite high special items. Excluding the aforementioned items, net profit would increase by approximately 5%. As of December 31, 2022, Thai listed companies’ financial position (D/E ratio) (excluding financial industry) was 1.59. times, an increase from 1.53 times compared to the end of the previous year.

 

“Listed companies in the energy, food, service and real estate businesses have seen better sales. from high oil prices country opening and measures to reduce transfer and mortgage fees The expanding economy also helped the banking business to grow well. Volatile commodity prices and higher funding costs Causing profit growth to slow down, however, many businesses with lower net profits, such as petrochemicals, rubber, steel and insurance, even in the first half of 2023, which is expected to stimulate tourism from the government will help the economy continue to grow. However, listed companies will still face challenges from high oil prices and rising energy costs,” said Mr. Manpong.

 

As for the performance of listed companies on the Market for Alternative Investment (mai) in 2022, compared to the same period last year, total sales were 214,691 million baht, an increase of 20.1%, with an operating profit of 12,556 million baht, an increase of 1.8%. And has a net profit of 7,413 million baht, a decrease of 23.0%.-Thai News Agency

 

Source: Thai News Agency