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Profits up a healthy 31% despite higher costs.
Byline: Ploy Chitsomboon
Sep. 9--Listed company profits in the second quarter rose 31 percent from the year before, despite rising expenses driven by oil costs.
High oil prices would likely result in net profit growth slowing in the third quarter, said Sethaput Suthiwart-Narueput, a senior vice-president of the Stock Exchange of Thailand.
Corporate margins would be squeezed with limited room to pass on higher expenses to customers.
But despite the country's vulnerability to global oil price fluctuations, corporate earnings remained solid in the second quarter, Dr Sethaput said.
"This tells you that Thai companies have quite a ...
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Source: HighBeam Research, Profits up a healthy 31% despite higher costs.