Companies listed on The Stock Exchange of Thailand (SET) delivered a 41.1 percent year-on-year surge in total sales to THB 13.17 trillion (approx. USD 370.16 billion) and a 14.2 percent year-on-year rise to THB 825.34 billion in net profits for the first nine months of 2022.

According to SET Senior Executive Vice President Manpong Senanarong, 780 companies representing 97.5 percent of 798 SET- and Market for Alternative Investment (mai)-listed companies (excluding property funds, infrastructure funds and non-compliance or NC) reported their financial performance during the first nine months, ending September 30, 2022. A total of 593 companies posted net profits, accounting for 76.1 percent of the companies that submitted their financial statements.

Operating profits rose by 25.6 percent

In the nine months through September 2022, SET-listed companies’ core operating profits rose by 25.6 percent year-on-year to THB 1.49 trillion, though production costs increased by 46.9 percent to THB 10.30 trillion.

As for their financial position at the end of September 2022, Thai listed companies’ debt-to-equity ratio (excluding Financials industry group) rose to 1.59 times from 1.54 times over the same period a year before.

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