BANGKOK, 21 May 2012 – The Stock Exchange of Thailand (SET) has revealed that the economy has recovered well from the flood, as the first quarter profit of listed companies stand at 210 billion baht.
SET President Jarumporn Chotikasatian said companies in various fields earned huge profits during the first quarter of this year. The net profit for agriculture and food, service, and resource sectors in particular have increased by 22% profit from the previous year’s.
He stated the profits earned in the first quarter have increased from the the figure of the fourth quarter last year as well as from that of the same period of last year, coinciding with the improving economy after the flood.
Listed companies with most profits in the first quarter are PTT, PTT Exploration and Production (PTTEP), Charoen Pokphand Foods (CPF), Siam Commercial Bank (SCB), and PTT Global Chemical (PTTGC).