SETNewsNo.1012010.PDFVIP

1 SET News No.101/2010 September 7, 2010 Thai bourse’s SETNote reveals Thai listed firm’ net profits of THB126 bln. The Stock Exchange of Thailand (SET)’s SETNote Quarterly Corporate Update for Q2/2010 reported that as a whole, Thai listed companies posted net profits of THB126.22 billion (approx. USD4.07 billion), approximately the same amount as in Q2/2009 but lower than those of Q1/2010. The main reasons for the decline were sector-specific problems in Resources Group and political unrest that affected the Services Group. However, a continual rise in revenues for the past five consecutive quarters and a rise in the proportion of companies recording net profits and an increasing investment in assets showed that operating performances had expanded in line with the overview economic recovery. In Q2/2010, overall, listed firms recorded a rise in total revenues, which was in accordance with Thailand’s overview economic expansion. However, their net profits (excluding property funds) approximately the same amount in Q2/2009, which was due to a plunge in Resources Group’s net profits, as a result of problems in crude oil stock management and the exchange rate. If we exclude the Resources Group, Thai listed firms overall enjoyed a 22.88% increase in net profits in Q22010 over Q2/2009. In addition, operating performance showed widespread recovery in most sectors, with 395 listed companies recording net profits, accounted for 78.53% of total listed companies, up from 73.00% in Q2/2009. Comparing operating performance of all companies in Q2/2010 with their Q1/2010 figures (excluding the Financials Group and property funds), shows a 25.66% drop in net profits, to THB95.00 billion (approx. USD3.05 billion) from THB102.77 billion (approx. USD3.30 billion). The decrease was mainly due to crude oil stock management problems in the Resources and political unrest that affected Services Group. However, there were signs of recovery in other bu