Rich get richer and …

18 08 2022

In case you missed it, the Bangkok Post has reported that “Listed firms’ profits hit all-time high.”

Second-quarter net profit of listed companies hit an all-time high of 320 billion baht, with energy, refining, banking and consumer goods sectors recording notable earnings, prompting analysts’ expectations that the whole-year profit could exceed one trillion baht.

According to data collected by Asia Plus Securities (ASPS), 645 listed companies reported their quarterly financial performances to the Stock Exchange of Thailand as of Aug 15. Those accounted to 87% of the overall capitalisation of the Thai bourse.

The total net profit hit the record of 320 billion baht in the quarter to June, an increase of 27.9% from the same period last year and 21.2% from 295 billion baht recorded in the previous quarter.

Meanwhile, the poor have suffered. Jobs have gone. Livelihoods destroyed.



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