Listed companies reported record profits in 2010, with a gain of more than 32% from the year before, according to the Stock Exchange of Thailand.
The SET said listed companies reported total net profits of 614.29 billion baht for 2010, compared with 463.9 billion the year before. Revenues in 2010 rose 16.87% to 7.33 trillion baht.
Leading all listed companies in net profit was the energy conglomerate PTT Plc, followed by PTT Exploration and Production, Siam Cement, Banpu and Bangkok Bank.
SET president Charamporn Jotikasthira said the figures were based on the results of 463 listed companies, or more than 91% of all companies and property funds listed on the exchange.
Listed firms also posted fourth-quarter net profits of 165.8 billion baht, a 41.86% jump year-on-year. Revenues rose 12.48% to 1.947 trillion baht.
Mr Charamporn noted since the 2008 global economic crisis, Thai listed companies have posted a compound annual growth rate of 40.61%, well above the 10-year average to 2010 of 17.14%.
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