Companies listed on Market for Alternative Investment (mai) recorded total sales of THB 43.18 billion (approx. USD 1.3 billion), operating profit of THB 2.83 billion and cumulative net profit of THB 1.66 billion during the three months through June of 2021. Their Q2 combined sales and operating profit slightly increased from Q1.
mai President Prapan Charoenprawatt said that 172 mai-listed companies, accounting for 96 percent of the total 179 firms (excluding those in the non-compliance or NC group and those with different accounting period end dates), submitted their financial results for the second quarter ended June 30, 2021. A total of 115 companies, representing 67 percent of the total companies submitted financial statement, reported net profit.
In the second quarter of 2021 compared to the same period last year, mai-listed companies reported total sales at THB 43.18 billion or a 2.5 percent increase, total costs at THB 33.4 billion or up 2.9 percent, resulting in a slight drop in gross operating profit to 22.6 percent from 22.9 percent. Their total operating profit was THB 2.83 billion or a 1.3 percent increase resulting from effective cost control management, consequently with operating profit margin at 6.6 percent, the same level as Q1. mai-listed companies posted their quarterly net profit of THB 1.66 billion or a 24.5 percent decrease, with net profit margin declining to 3.8 percent from 5.1 percent. However, when comparing H1/2021 performance with H1/2020, their total sales amounted to THB 85.3 billion, operating profit at THB 5.27 billion and net profit at THB 3.85 billion, or an increase of 9.8 percent, 62.3 percent, and 3,88 percent, respectively.
"In the first half of 2021, the overall situation improved from the same period last year when the government imposed strict measures to curb the COVID-19 spread which caused mai-listed companies' performance reached the year's low. Besides, their better cost control in the first six months of 2021 contributed to an increase in net profit across industry groups compared to H1/2020. Consumer Products industry group mainly driven by dietary supplement and medical device business sector recorded the highest growth, followed by Resources, and Industrials," Prapan added.
mai-listed firms' financial position recorded their combined assets at THB 286.16 billion or a 4.8 percent increase from end-2020. The overall capital structure remained strong, with debt-to-equity ratio at 1.10 times, same level as at end-2020.
As of August 23, 2021, there were 179 mai-listed companies, and mai Index closed at 507.29 points, with market capitalization of THB 374.16 billion and the average daily trading value at THB 5.07 billion.