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Profits of Listed Companies Rise by 9.7% in H1
In H1 2024, Thai listed companies’ net profits rose 9.7% to 519 billion baht, driven by 6.3% sales growth, boosted by tourism recovery and higher oil prices, despite challenges in property sectors.
Net profits of listed companies on the Stock Exchange of Thailand increased by 9.7% year-on-year in the first half of 2024, reaching 519 billion baht, while sales rose 6.3% to 8.96 trillion baht. SET president Pakorn Peetathawatchai attributed this growth to a tourism recovery and higher oil prices, benefiting the services and consumer goods sectors.
Approximately 95% of listed companies have submitted their results for the second quarter, with 77% reporting profits. The average debt-to-equity ratio remained stable at 1.51 times, indicating solid financial health despite challenges in property development.
The SET plans to introduce measures to enhance market supervision, including dynamic price bands and minimum resting times for orders. These initiatives aim to stabilize stock prices and restore investor confidence as the market continues to recover.
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