# SET-listed companies’ 9-month performance affected by weak oil prices and economic slowdown

- Link: https://www.thailand-business-news.com/investment/118398-set-listed-companies-9-month-performance-affected-by-weak-oil-prices-and-economic-slowdown
- Published: 2024-01-10T21:57:12+07:00
- Author: SET News

**SET-listed companies’ total sales and net profits fell in 2023 due to the Energy&
Utility and Petrochemicals & Chemicals sectors.**

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## Decrease in Total Sales and Net Profits for SET-Listed Companies

SET-listed companies saw a decrease in total sales and net profits for the first
nine months of 2023, compared to the same period a year before, due to negative 
performance in the Energy & Utility and Petrochemicals & Chemicals sectors. However,
excluding these sectors, overall operating results remained stable, with positive
contributions from the Banking, Tourism & Leisure, and Information & Communication
Technology sectors.

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## Financial Position and Debt-to-Equity Ratio of Thai Listed Firms

A total of 815 SET-listed companies submitted their operating results, accounting
for 97.26 percent of the total of 836 companies with financial statements ended 
September 30, 2023. The total sales for the first nine months of 2023 amounted to
THB 12.73 trillion, representing a 3.4 percent decrease from the same period last
year, resulting in a core operating profits and net profits drop. The debt-to-equity
ratio of Thai listed firms, excluding the Financials Industry Group, also decreased
to 1.55 times.