Listed companies : net profits fell 10 % in 2007

The party is over.

“Listed companies reported a 10% total decline in net profits for 2007, even as revenues rose 9% over the course of the year, according to the Stock Exchange of Thailand.” (Bangkok Post)

-inflation of costs

-ferocious competition and red tape to increase their own selling prices (because of the government Zimbabwe style policies)

-currency issue (for exports, with a high THB)

= profits down.

Question : what do you think will happen this year ?

Better ? Exactly the same or… worse ?

“Leading all sectors in profit growth were technology, at 28%, resources at 7% and industry at 0.3%. The consumption, property and construction materials, services, agriculture and financial sectors all showed declining profits in 2007 from the previous year.

Excluding financial institutions, PTT Plc was the most profitable company on the SET in 2007 at 97.8 billion baht, followed by Siam Cement at 30.3 billion and PTT Exploration and Production at 28.45 billion.”