Companies listed on the Alternative Investment Market (Limited) announced operating results for the nine-month period of 2023 with total sales of 145,338 million baht, an increase of 1.2%, while total operating profits of 9,282 million baht decreased. A decrease of 12.9% compared to the same period last year. This is due to increased sales and administrative expenses.
Mr. Pravan Charounprawat, Director of the Alternative Investment Market (MAY), revealed that there are 204 companies listed in May, representing 96% of the total 212 companies (there are 3 companies that may be delisted, ONC, and 4 companies (that the budget was not closed for the correct period)) and it was shown by presenting the results Operating for 9 months of 2023, 140 companies achieved net profits, representing 69% of the total companies that submitted financial statements.
Operating results for the nine-month period of 2023 of Mai Co., Ltd. Compared with the same period of the previous year, its total sales reached 145,338 million baht, an increase of 1.2%, and the cost of goods sold decreased by 0.3%. This led to an increase in the gross profit margin from 24.8% to 25.9%, while the company’s selling and administrative expenses increased by 13.4%, resulting in a decrease in operating profit by 12.9% to 9,282 million baht. Net profit 5,479 million baht decreased 35.0%
In terms of operating results for the third quarter of 2023, the company’s total sales reached 49,426 million baht, an increase of 0.6%, and cost of sales 36,625, a decrease of 0.1%, resulting in an increase in the gross profit margin of 25.3. % to 25.9%, but the increase in the company’s selling and administrative expenses by 10.8% led to a decrease in operating profit by 15.2% compared to the same period last year.
“9 months into 2023, although the coronavirus situation will be resolved. But with economic pressure factors both from inside and outside the country this is affecting overall sales growth at a relatively low rate. At the same time, selling and administrative expenses have risen. Interest rates have risen Thus, making a profit from operations, the company’s total net profit decreased, and the industrial group continued to grow in both sales and profits from operations include the agricultural and food industry groups, the industrial products group, and the real estate and construction groups,” Mr. Pravan said.
In terms of financial position, Mai Limited’s total assets are 332,286 million baht, an increase of 8.0% from the end of 2022, and the total capital structure remains in strong condition. The debt-to-equity ratio (D/E ratio) is 0.77 times, decreased from the end of 2022 by 0.80 times.
There are currently 212 companies listed on MAE (information as of November 23, 2023). MAE index closed at 405.60 points, the total market capitalization reached 419.268 million baht, with an average trading value of 2.305 million baht per day.
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