Wednesday, December 6, 2023

mai-listed companies post 20% sales growth in 2022

The Market for Alternative Investment (mai) saw a 20.1 percent year-on-year increase in total sales, reaching THB 214.69 billion (approx. USD 6.22 billion) in 2022. Operating profits also rose by 1.8 percent year-on-year, amounting to THB 12.56 billion. However, this growth was driven by increases in the cost of goods sold, as well as selling and administrative expenses.

Despite this, the Agro & Food Industry, Property & Construction, and Technology sectors performed well and showed solid earnings.

According to mai President Prapan Charoenprawatt, 196 mai-listed companies or 96 percent of the total 204 companies (excluding those in the non-compliance or NC group and those with different accounting period close) submitted their financial reports. Out of these, 144 listed companies, accounting for 73 percent of those who submitted financial statements, delivered net profits.

In 2022, mai-listed companies recorded total sales of THB 214.69 million, which is a 20.1 percent increase from the previous year. However, costs of goods sold also increased by 22.9 percent, reaching THB 166.88 billion. As a result, their gross profit margin narrowed to 22.3 percent from 24.0 percent a year earlier. Meanwhile, operating profits increased by 1.8 percent.

mai-listed companies post 20% sales growth in 2022


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