Thai companies post record sales
Thai companies were hitting record highs in sales of $339 billion in 2012 and showed a 15.67 per cent growth in net profits compared to 2011’s 13.98 per cent. Companies that contributed the most to this record high include, PTT pcl , PTT Exploration and Production pcl, Siam Commercial Bank pcl, Kasikornbank pcl and Advanced Info Service pcl.
By Mariana Angela Garcia
As of March 6, 2013 the Stock Exchange of Thailand (SET) reported that the SET index reached it’s highest in 19 years. Listed companies reported net profits of $24.23 billon in 2012, according to Thailand Business News.
“Overall sales of SET-listed companies continued growing in every quarter, making 2012 sales reach a historic high, due mainly to the country’s strong consumption and investment,” said the Executive Vice President of the Stock Exchange of Thailand, Chanitr Charnchainarong.
By sector, energy & utilities, banking and information & communication technology were the top three profit makers, with a combined $14.96 billion in net profit, accounting for 60.73 per cent of total net profit of reporting listed firms.
Four Thai companies have been recognised by industry experts as 2013 global challengers out of 100 companies worldwide. These companies are nominated based on their country’s rapidly developing economy that is both growing and globalising quickly. The four Thai challengers include Charoen Pokphand Group, Indorama ventures, PTT and Thai Union Frozen Products.
The companies have been selected because they have accomplished to add 1.4 million jobs to the Thai economy and they purchased more than $1.7 trillion of goods and services and invested more than $330 billion in capital expenditures.
Thailand’s National Economic and Social Development Board (NESDB) reported that in the fourth quarter of 2012, Thailand’s unemployment rate stood low at 0.48 per cent or just 190,000 persons. Deputy Secretary-General of the NESDB, Suwannee Kamman commented that employment increased 1.7 per cent with currently 39.6 million persons employed nationwide.
Thai companies were hitting record highs in sales of $339 billion in 2012 and showed a 15.67 per cent growth in net profits compared to 2011’s 13.98 per cent. Companies that contributed the most to this record high include, PTT pcl , PTT Exploration and Production pcl, Siam Commercial Bank pcl, Kasikornbank pcl and Advanced Info Service pcl. By Mariana Angela Garcia As of March 6, 2013 the Stock Exchange of Thailand (SET) reported that the SET index reached it’s highest in 19 years. Listed companies reported net profits of $24.23 billon in 2012, according to Thailand Business News. "Overall...
Thai companies were hitting record highs in sales of $339 billion in 2012 and showed a 15.67 per cent growth in net profits compared to 2011’s 13.98 per cent. Companies that contributed the most to this record high include, PTT pcl , PTT Exploration and Production pcl, Siam Commercial Bank pcl, Kasikornbank pcl and Advanced Info Service pcl.
By Mariana Angela Garcia
As of March 6, 2013 the Stock Exchange of Thailand (SET) reported that the SET index reached it’s highest in 19 years. Listed companies reported net profits of $24.23 billon in 2012, according to Thailand Business News.
“Overall sales of SET-listed companies continued growing in every quarter, making 2012 sales reach a historic high, due mainly to the country’s strong consumption and investment,” said the Executive Vice President of the Stock Exchange of Thailand, Chanitr Charnchainarong.
By sector, energy & utilities, banking and information & communication technology were the top three profit makers, with a combined $14.96 billion in net profit, accounting for 60.73 per cent of total net profit of reporting listed firms.
Four Thai companies have been recognised by industry experts as 2013 global challengers out of 100 companies worldwide. These companies are nominated based on their country’s rapidly developing economy that is both growing and globalising quickly. The four Thai challengers include Charoen Pokphand Group, Indorama ventures, PTT and Thai Union Frozen Products.
The companies have been selected because they have accomplished to add 1.4 million jobs to the Thai economy and they purchased more than $1.7 trillion of goods and services and invested more than $330 billion in capital expenditures.
Thailand’s National Economic and Social Development Board (NESDB) reported that in the fourth quarter of 2012, Thailand’s unemployment rate stood low at 0.48 per cent or just 190,000 persons. Deputy Secretary-General of the NESDB, Suwannee Kamman commented that employment increased 1.7 per cent with currently 39.6 million persons employed nationwide.
