Bangkok, Aug. 25 – A listed company reports first-half results of 2023. Sales decline mainly from the energy-petrochemical business group. together with economic activities recovering As a result, selling and administrative expenses increased at an accelerated rate. Pressure on the profitability of entrepreneurs of all groups

Mr. Manpong Senanarong, Deputy Manager, Head of Issuer Division The Stock Exchange of Thailand (SET) revealed that 764 listed companies (listed companies) accounted for 92.49% of all 826 companies (including SET and mai, which are scheduled to submit financial statements at the end of the period 30 June 2023 and Excluding property funds Infrastructure Fund) Submitted operating results for the first half of 2023, it was found that there were 577 listed companies reporting net profits, accounting for 75.52% of all companies that submitted financial statements.

Performance for the first half of 2023 compared to the same period last year, SET listed companies had sales of 8,339,880 million baht, a decrease of 2.8%, production costs slightly increased. While selling and administrative expenses increased by 7.8% due to the expansion of economic activities after the COVID-19, which caused listed companies to have lower core profits and net profits. As of June 30, 2023, Thai listed companies had a debt-to-equity ratio or D/E ratio (excluding the financial industry) at 1.53 times, down from 1.59 times in the first half of 2022.

“The sharp drop in oil prices and refining margins. This affected the energy and petrochemical businesses, causing sales and profits to weaken considerably. But if considering other businesses excluding energy and petrochemical businesses It was found that sales grew modestly at 4.5%, especially in the service sector related to tourism such as hotels, shops, restaurants and airlines. Including production costs that stand at a high level. Sales activities recovered and there was a significant increase in demand after the COVID situation. And higher interest rates as well, ”said Manpong.

As for the performance of listed companies on the Market for Alternative Investment (mai), the first half of 2023 compared to the same period last year had total sales of 95,183 million baht, an increase of 1.3%, production costs of 71,014 million baht, a decrease of 0.3. Selling and administrative expenses of 18,619 million baht, an increase of 15.0%, resulting in operating profit of 5,550 million baht, a decrease of 14.1% and net profit of 1,503 million baht, a decrease of 71.0%. – Thai News Agency

Source: Thai News Agency