ID :
93131
Fri, 12/04/2009 - 12:53
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http://m.oananews.org//node/93131
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Listed firms enjoy improved performance results in Q3
BANGKOK, Dec 4 (TNA) – The combined performance results of all listed companies except those subject to de-listing and property funds showed improvement in the third quarter this year, reflecting the country’s continued economic recovery, according to the Stock Exchange of Thailand (SET).
In the SET Note Corporate Update No. 4/2009, the exchange revealed the listed firms enjoyed a combined net profit of Bt113.19 billion, up 21.07 per cent from the third quarter the year before.
On quarter-to-quarter basis, however, the combined net profit earned by the listed companies dropped by 10.38 per cent due to a decline by 29.51 per cent in the net profit of companies in the resources group.
The sharp profit decline was attributed by the decreased refining margin, lower profits earned from inventory products, and reserve provisioning for damages incurred in oil sources of some companies.
Should a net profit of companies in the resources group be excluded, the combined net profits of the listed firms increased by 5.26 per cent from the second quarter of this year.
The number of listed firms with net profits rose to 350 or 80.28 per cent of the 436 company total.
The number of listed companies with net profit increases from the second quarter is 268, showing that most listed firms registered better performance results.
Classified by group, it was found that five industrial sectors enjoyed rising net profits compared to the second quarter. They are agriculture and food processing, financial business, property, construction materials, and service.
The property and building materials groups enjoyed an increase in net profits by 46.07 per cent from the same quarter last year and by 16.23 per cent from the previous quarter. (TNA)
In the SET Note Corporate Update No. 4/2009, the exchange revealed the listed firms enjoyed a combined net profit of Bt113.19 billion, up 21.07 per cent from the third quarter the year before.
On quarter-to-quarter basis, however, the combined net profit earned by the listed companies dropped by 10.38 per cent due to a decline by 29.51 per cent in the net profit of companies in the resources group.
The sharp profit decline was attributed by the decreased refining margin, lower profits earned from inventory products, and reserve provisioning for damages incurred in oil sources of some companies.
Should a net profit of companies in the resources group be excluded, the combined net profits of the listed firms increased by 5.26 per cent from the second quarter of this year.
The number of listed firms with net profits rose to 350 or 80.28 per cent of the 436 company total.
The number of listed companies with net profit increases from the second quarter is 268, showing that most listed firms registered better performance results.
Classified by group, it was found that five industrial sectors enjoyed rising net profits compared to the second quarter. They are agriculture and food processing, financial business, property, construction materials, and service.
The property and building materials groups enjoyed an increase in net profits by 46.07 per cent from the same quarter last year and by 16.23 per cent from the previous quarter. (TNA)
