Listed companies showed mixed operating results in 2017, with large ones on the SET posting bigger profits and small firms on the MAI suffering declines.
Companies on the Stock Exchange of Thailand (SET) posted combined net profits of 982 billion baht, up 9% from 2016, led by energy and utility firms which benefited from high world oil prices, SET president Kesara Manchusree said on Monday.
Banks’ profits fell slightly due to increased allowances for bad loans.
But smaller companies on the Market for Alternative Investment reported combined net profits of 5 billion baht, down 13.5% year-on-year, she said.
The combined profits of the two markets were 999 billion baht, up 8.9% from the previous year.
For the fourth quarter of 2017, companies in both markets did well, posting net profits of 251 billion baht, up 25.3% year-on-year and 20.5% from the previous quarter, on total sales of 2.9 trillion baht.
However, profitability was slightly lower, with a gross profit margin of 24%, compared to 24.7% in the previous year. The debt-to-equity ratio was 1.14 times, down from 1.24 at the end of 2016.
