Tuesday, April 16, 2024

mai-listed companies post 20% sales growth in 2022

Market for Alternative Investment (mai)-listed companies recorded a 20.1 percent year-on-year rise in total sales to THB 214.69 billion (approx. USD 6.22 billion) in 2022, while operating profits rose 1.8 percent on year to THB 12.56 billion due to increases in the cost of goods sold, and selling and administrative expenses. Agro & Food Industry, Property & Construction and Technology showed solid earnings.

mai President Prapan Charoenprawatt said that 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. Of them, 144 listed companies, accounting for 73 percent of those submitted financial statements, delivered net profits.

For 2022, mai-listed companies posted total sales of THB 214.69 million, up 20.1 percent from a year earlier, while costs of goods sold increased 22.9 percent to THB 166.88 billion, narrowing their gross profit margin to 22.3 percent from 24.0 percent a year earlier. Operating profits went up 1.8 percent to THB 12.56 billion while net profits in 2022 fell 23.0 percent from the preceding year to THB 7.41 billion due to impairment losses and provisions set aside by many listed companies. If they were excluded, mai-listed companies’ aggregate profits would grow 6.1 percent.

“Most listed companies posted higher sales in 2022 in accordance with the relaxed COVID-19 control measures. All industry groups, except Financials, posted better…

mai-listed companies post 20% sales growth in 2022 – SET News


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