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The operating results of listed companies in 2023 decreased, but the tourism business clearly recovered.

Bangkok: Listed companies Performance report for 2023, overall revenue and net profit decreased from the previous year. Pressured from oil-related business categories Agriculture and food industry But the tourism and technology sectors continue to grow. Mr. Manpong Senanarong, Deputy Manager, Head of Securities Issuer Division The Stock Exchange of Thailand (SET) revealed that there are 817 listed companies (Ltd.), accounting for 99.51% of a total of 821 companies (including SET and mai that are due to submit financial statements at the end of the period on December 31, 2023, and excluding funds. Total real estate Infrastructure Fund) submitted operating results for 2023. It was found that 626 companies reported net profits, accounting for 76.62% of all companies that submitted financial statements. Performance in 2023 compared to the previous year, companies in the SET had sales of 17,231,564 million baht, a decrease of 2.6%, production costs decreased by 2.2%, while selling and administrative expenses inc reased by 3.9%, which As a result, the listed company had a profit from core operations of 1,649,990 million baht and a net profit of 961,042 million baht, a decrease of 12.4% and 10.7%, respectively. For the financial position of the business as of December 31, 2023, Thai listed companies had a debt ratio. Equity ratio or D/E ratio (excluding the financial industry) was at 1.51 times, down from 1.54 times in 2022. 'Overall, the operating performance has weakened in both sales and operating profits. It is affected by the drop in prices of various commodities. Both in the oil, agricultural products and food groups, as well as operating expenses increased. and interest rates remain high. Tourism-related businesses have clearly recovered and continued to grow due to the government's promotional policies, such as aviation, hotels, rental space, retail and telecommunications,' Mr. Manpong said. In terms of operating results of companies listed on the Market for Alternative Investment (mai), for the year 2023, co mpared to the same period last year, there were total sales of 200,181 million baht, an increase of 2.1%, production costs of 147,987 million baht, an increase of 0.5%. Expenses for sales and administration were 40,007 million baht, an increase of 13.4%, resulting in an operating profit of 12,186 million baht and a net profit of 5,901 million baht, a decrease of 10.2% and 35.1%, respectively. -516-Thai News Agency Source: Thai News Agency