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top companies

Top Thai Textile & Garment


Thailands 2nd highest trade surplus
was recorded in the yarn segment, with total
export value of USD 1,103.1 mn against total
import value of USD 747.2 mn. China was
the No. 1 market for Thai yarn exports.
In contrast, both the Fiber and Fabric
segments recorded trade deficits. Total fiber
exports amounted to USD 922.8 mn against
USD 1,375.4 mn imports. The USA was the
largest supplier of fiber imports, followed by
Australia and India.
Total fabric export and import amounting to USD1,641.9 mn and USD 1,785.5 mn
comprised mainly fabrics woven from
synthetic fibers from China, Taiwan and
Japan.

Sectorial Performance

This years Top Textile & Garment Co.


list compiled by TTIS comprises 3 Fiber
companies, 40 Textile companies, 25
garment makers, and 6 companies in the
Other category. In total 74 companies with
revenues in excess of Baht 1000 million
were selected to represent the local textile
sector in operating year 2010, compared to
66 companies on the 2009 list.
Companies that dropped out of this
years list either because their revenues
were lower than Baht 1000 million or were
undergoing restructuring include Thai Toray
Synthetics, Thai Acrylic Fibre, Thai Rayon,
Teijin Polyester (Thailand), Asia Fiber,
Chiem Patana Synthetic Fibers, K.H. Textile,
Sheico (Thailand), YKK (Thailand), Reno
(Thailand), Chantasia, Teijin (Thailand),
Interface Modernform

14

March-April 2012

TTIS Textile Digest

Textile & Garment Situation


Aggregate Thai textile & garment
exports in 2011 were valued at USD
8,255.3mn, equivalent to 7.5percent increase from the previous year. Textile exports alone amounted to USD 4,980.3mn,
garment exports USD3,275 mn.
Textile & garment imports totaled USD
4,895.6mn, reflecting 22.3% growth from
the previous year. Textile imports amounted
to USD 4,101.6mn, garment imports USD
794mn. Yarn and fiber imports alone
amounted to USD 2,316.1 mn.
Export-import value and global trade
balance by product category (Jan- Dec
2011)
Thailand had the highest trade surplus
in the garment sector, with total export value
of USD 3,275.0 against garment import
value of USD 794.0 mn. The largest market
for Thai garment exports was the U.S.A.

This years outstanding performers in


the textile & garment industry range from
mega corporations such as Indo Rama
Polyester and Indo Rama Holdings to perennial industry leaders with Baht 3000-5000
million revenues, as well as new rising stars
in garment, yarn & fabric segments.
Responding to global economic slowdown, some veteran companies in the
textile & garment sectors managed to
cope with lower revenues and narrowed
down margins while returning comfortable
yields in terms of ROE and/or ROA in 2010.
Other companies capitalized on high profit
margins and available borrowing capacity
to expand sales revenues, earnings and
upgrade operational system, fixed assets
and/or products.

top companies

Fiber
This year only 3 fiber companies are
included in the Top 74 list compiled by TTIS.
Counting Tuntex Textile (Thailand) which
operated with negative net margin of -8.5%,
average ROE of the 3 selected companies
was calculated at 42%, average ROA 60%,
average revenues growth 123.7%, and average earnings growth 938%.
Secured by 155% debt/equity ratio,
143%revenue/asset gearing and12.3%
profit margin, Indorama Polyester made
all the Top Ten lists, excepting debt/equity
ratio, ranking No.1 by revenue with 45%
ROE, 29% ROA, 8.5% margin, 77% revenue
growth and 844% earnings growth.
Another fiber company, Thai Indo
Kordsa Co., Ltd., made the Top Ten with
199% earnings growth, backed by 29%
revenue growth, 4% net margin, 17.8% debt/
equity, and 164% revenues/asset gearing,
to yield 8% ROE and 45% ROA.

Textile
40 textile companies which join TTIS
top ranking companies this year recorded
average ROE of 507%, ROA 67%, revenue
and earnings growth of 1,070% and 4,242%,
respectively, along with average net margin
of 248%, revenue/asset gearing ratio of
4,523% and 4,156% average debt/equity.
Joining the Top Ten lists by assets and
profit this year, Indorama Holding worked
with 59% net margin, 129% debt/equity
and 31% revenue/asset gearing ratios to
yield 72% revenue growth, 42% ROE, and
32.5% ROA.
Union Textile won the No. 1 slot by
earnings growth (1,712%), backed by 151%
revenues growth, 38% debt/equity, 123%
revenue/asset gearing and 28% net profit
margin, to yield one of the top ranking ROE
(48%) along with 125% ROA.
No.2 by revenue size, Jong Stit worked
with 0.6% net margin, 159% revenue/asset gearing and 68% debt/equity ratio, to
secure 109% earnings growth and 18%
revenues growth.

Chiem Patana regained the Top Ten


ranking by revenue and achieved 27% earnings growth on the back of 2.9% net margin,
88% revenue/asset ratio and 81% debt/
equity ratio, to offset low revenue growth
(1%) and yield 4.7% ROE, 5.8% ROA.
Working with 2% net margin, 5.6%
debt/ equity and 47% revenue/asset gearing ratio, The Thai Silk Co., recorded
18.4% ROA and 1% ROE despite -3.3%
negative revenue growth and -86% earnings growth.
Y.R.C. Textile rose from No. 8 to No. 4
by revenue, in line with 17% revenue growth
and 102% revenue/asset gearing ratio to
yield nearly 5% ROE and ROA, despite
0.02% net margin.
Rising from No.16 by revenues and
assets in 2009 to No.5 slot in 2010, Lucky
Spinning achieved 75% and 3.4% revenue
and earnings growth, respectively, along
with 2% ROE, on the strength of 425%
debt/equity and 71% revenue/asset gearing ratios.

March-April 2012

TTIS Textile Digest

15

top companies
Working with 62% debt/equity and 78%
revenues/asset gearing ratios, Luckytex,
maintained the No. 6 spot by revenues and
assets while returning 6% ROE, 10% ROA
and 165% earnings growth secured by 30%
net margin, negative debt/equity ratio.
Gearing down to 51.2% revenue/asset
ratio, Bangkok Weaving ranked 2nd in the
Top Ten lists by ROE (156%) and profit size,
along with 14% ROA, 29% revenue growth
and 182% earning growth.
Gaining the No. 13 position by revenues, Natural Rubber Thread also made
the Top Ten list by ROE (59%), backed by
9% net margin, 204% debt/equity and 208%
revenue/asset gearing ratio, to capture
23% revenue growth and 192% earnings
growth.
Another newcomer, Saha Seiren Co.,
Ltd., made 3 Top Ten lists by profit size,
revenues growth (49.9%) and earnings
growth (259%), backed by 11% net margin,
a mere 26% debt/equity and 105% revenue/
asset gearing ratio.
Rising from No. 39 rank by revenue to
No. 26, Thai Alliance, a local cluster group,
joined the Top Ten list by earnings growth
(332%) and profit margin (12%) backed by
33% revenue growth, 22% ROE, 59%ROA,
131% revenue/asset gearing, and 37%
debt/equity.
K Cotton & Gauze made the Top Ten
list by earnings growth (168.5%) backed
by 49% revenue growth, a comfortable 9%
net margin, 112% revenue/asset and 71%
debt/equity ratio.
Another top performer, Kangwal Textile,
worked with 109% revenue/asset, 146%
debt/equity ratios, and 0.5% net margin to
yield a whopping 1,284% earnings growth,
28% revenue growth, 1.4% ROE and 0.9%
ROA.
Outstanding newcomers to the Top Ten
lists include HV Filla (49% revenue growth,
44% earnings growth, 9% ROE and 6%
ROA), World Flex (46.5% revenue growth,
31% ROE and 24%ROA, offset by negative
-34% earnings growth.

16

March-April 2012

TTIS Textile Digest

top companies
Phiphatanakit Textile ranked No. 6
with 512% earnings growth, 16.6% ROE,
39% ROA and 20% revenue growth secured
by 12% net margin, 96% revenue/asset
gearing and 43% debt/equity.
Far East Knitting & Spinning geared
up its debt/equity ratio to 722%, thereby
gaining the NO. 2 slot by asset size but
revenues increase of 11.4% was offset by
-890% negative earnings growth.
No. 3 slot by net profit margin (45.7%),
Nanyang Knitting Factory made the Top
Ten list by profit size, backed by 6% revenue
growth, 46% net margin, 59% debt/equity
and 47% revenue/asset gearing. Despite
negative earnings growth (-68%), Nanyang
returned 34.4% ROE and 58% ROA.
Top ten ranking by debt/equity ratio
(377%), Double Star Industry managed to
grow revenue by 18%, albeit offset by -1.6%
earnings growth consistent with negative
net margin (-11.8%), 41% revenue/asset
ratio, negative ROE and ROA.

Garment
25 garment companies included in this
years Top 74 textile companies increased
their total revenues by 351.7% on average
which yielding high returns (average ROE
4,863%, ROA 930%) in line with high net
margins which averaged out at 472% and
3,863% revenue/asset gearing ratio.
Working with hi-end debt/equity ratio
of 1,341%, 148% revenue/ asset gearing
and 3% net margin, Central Trading not
only jumped to No. 3 rank by revenues but
also made the Top Ten lists by earnings
growth (213%), ROE (66%) and 11.6%
revenue growth.
Optimizing its Baht 1.12 billion revenues, debt/equity ratio to 848% and
138% revenue/asset ratio, Yong Sanga
came first in the Top Ten lists by ROE and
profit size while returning 5,246% ROE and
618% ROA, consistent with 400% profit
margin, 31% revenue growth, 32% earnings growth.
Top Ten ranking by ROE includes Lim
Line Apparels top ranking 47% ROE reflects 16% revenue and earnings growth,

2% net margin, 271% revenue/asset gearing


and 654% debt/equity gearing.
Ranking No. 9 in the Top Ten list by
revenue, Thai Wacoal yielded 8.5% ROE
and 69% ROA on the strength of 11%net
margin, 68% revenue/asset gearing, 12%
debt/equity ratio, 1.6% revenue growth and
3% earning growth.
Working with 9% margin, 154% revenue/asset gearing and 177% debt/equity,
Jaspal Co.Ltd., achieved 16% revenue
growth and 118% earning growth to yield
39% ROE and 22% ROA.
Backed by 7.8% net margin, 189%
revenue/asset and 112% debt equity, Trax
InterTrade achieved 551% earnings growth
despite negative revenue growth of-3.5%.
Notwithstanding high revenue/asset
gearing of 207%, negative (-8,114%) debt/
equity ratio, and -4% net margin, Top Form
Brassieres made the Top Ten list with 51%
revenues growth albeit at the expense of
-2550% earnings growth and -700% ROE.
Rising from No. 12 to No. 7 spot by
revenue size, Hi-Tech Apparel yielded
4%ROE on the back of 46% revenue growth,
223% revenue/asset gearing, 535% debt/
equity, 0.3% net margin and -3.4% earning
growth.

Top ranking debt/equity ratio of 450%


buoyed LME Co.,s revenue (44%) and
earnings (108%), generating 12% ROE
backed by 1.6% margin and 133% revenue/
asset gearing.
Included in the Top Ten list by net profit
margin (12.2%), Peoples Garment yielded
9% ROE and 56% ROA backed by 1.7%
revenue growth , 64% revenue/asset gearing and 16% debt/equity, notwithstanding
-4.9% negative earnings growth.
Walrus Trading made the Top Ten list
with 581% debt/equity and 3.9% ROE despite 0.4% margin, -5% revenue 0% earning
growth.

Others
DSG International made the Top Ten
lists by profit size and net profit of 11.7% on
the strength of 29% revenue growth, 25%
earnings growth backed by 85% debt/equity and 102% revenue/asset gearing.
SRF Industrys top ranking revenue
growth (850%) and 160% earning growth
reflected 2% net margin, 104% debt/equity
and 73% revenue/asset gearing, yielded 3%
ROE and ROA.

March-April 2012

TTIS Textile Digest

17

top companies

Top Thai Textile & Garment Companies


T&G Ranking




































18

2010

2009

1
2
3
4
5
6
7
8
9
10
11
12
13
14
16
15
17
18
19
20
21
22
23
25
24
26
27
28
29
30
31
32
33
34
35

1
5
n/a
8
16
6
12
9
10
11
17
13
n/a
18
22
15
21
n/a
25
20
n/a
28
34
45
38
39
n/a
27
n/a
32
n/a
26
n/a
46
36

March-April 2012

Company Name

Indorama Polyester Industries Plc


Jong Stit Co., Ltd.
Central Trading Co., Ltd.
Y.R.C. Textile Co., Ltd.
Lucky Spinning Co., Ltd.
Luckytex (Thailand) Plc
Hi-Tech Apparel Co., Ltd.
Thai Garment Export Co., Ltd.
Thai Wacoal Plc
Chiem Patana Textiles Co., Ltd.
Kangwal Textile Co., Ltd.
Nan Yang Fabric Co., Ltd.
Natural Rubber Thread Co., Ltd.
Thai Textile Industry Plc
HBI Manufacturing (Thailand) Ltd.
Nanyang Garment Co., Ltd.
Jaspal Co., Ltd.
Saha Seiren Co., Ltd.
Indo-Thai Synthetics Co., Ltd.
NK Apparel Co., Ltd.
DSG International Co., Ltd.
Thai Indo Kordsa Co., Ltd.
Nan Yang Textile Co., Ltd.
K. Cotton & Gauze Co., Ltd.
Thong Thai Textile Co., Ltd.
Thai Alliance Textile Co., Ltd.
World Flex Plc.
Carpet International (Thailand) Plc
H V Filla Co., Ltd.
Far East Knitting and Spinning Co., Ltd.
Interfaceflor (Thailand) Co., Ltd.
The Thai Silk Co., Ltd.
Khon Kaen Fishing Net Factory Co., Ltd.
Bangkok Weaving Mills Ltd.
Thanulux Plc
TTIS Textile Digest

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Revenues

Earnings

15,586
7,310
5,334
4,931
4,880
4,735
4,669
3,998
3,593
3,563
3,487
3,380
3,370
3,222
3,052
3,052
3,041
2,844
2,648
2,641
2,537
2,484
2,180
2,137
2,137
2,127
2,127
2,081
2,002
1,968
1,967
1,945
1,872
1,860
1,838

1,913
41
166
117
27
236
13
59
401
104
18
13
313
-13
265
18
277
316
47
122
298
103
76
200
47
260
135
117
65
-188
123
40
39
560
187

top companies

(Unit : Baht Million)


Assets

Liabilities

10,905
4,612
3,601
4,826
6,897
6,109
2,095
2,343
5,295
4,040
3,194
3,788
1,617
2,977
1,574
2,943
1,972
2,722
1,445
1,576
2,488
1,512
2,670
1,913
1,022
1,622
1,006
2,096
1,727
7,331
1,371
4,095
1,875
3,636
3,016

6,615
1,872
3,352
2,433
5,584
2,338
1,766
707
579
1,803
1,896
2,654
1,085
1,347
530
2,275
1,260
563
780
1,006
1,145
229
1,336
793
747
441
570
325
1,019
6,440
605
217
1,030
3,995
296

Equity

Liabilities/
Equity

4,264 155.1%
2,740 68.3%
250 1340.8%
2,393 101.7%
1,313 425.3%
3,771 62.0%
330 535.2%
1,636 43.2%
4,716 12.3%
2,236 80.6%
1,298 146.1%
1,133 234.2%
532 203.9%
1,630 82.6%
1,043 50.8%
668 340.6%
712 177.0%
2,159 26.1%
664 117.5%
570 176.5%
1,343 85.3%
1,283 17.8%
1,334 100.1%
1,120 70.8%
276 270.7%
1,181 37.3%
437 130.4%
1,772 18.3%
708 143.9%
892 722.0%
766 79.0%
3,878
5.6%
846 121.8%
-359 -1112.8%
2,720 10.9%

Net
Margin

12.3%
0.6%
3.1%
0.02
0.6%
5.0%
0.3%
1.5%
11.2%
2.9%
0.5%
0.4%
9.3%
-0.4%
8.7%
0.6%
9.1%
11.1%
1.8%
4.6%
11.7%
4.1%
3.5%
9.4%
2.2%
12.2%
6.3%
5.6%
3.2%
-9.6%
6.3%
2.1%
2.1%
30.1%
10.2%

ROE

44.9%
1.5%
66.4%
4.9%
2.1%
6.3%
3.9%
3.6%
8.5%
4.7%
1.4%
1.1%
58.8%
-0.8%
25.4%
2.7%
38.9%
14.6%
7.1%
21.4%
22.2%
8.0%
5.7%
17.9%
17.0%
22.0%
30.9%
6.6%
9.2%
-21.1%
16.1%
1.0%
4.6%
156.0%
6.9%

Revenues/
Asset

142.9%
158.5%
148.1%
102.2%
70.8%
77.5%
222.9%
170.6%
67.9%
88.2%
109.2%
89.2%
208.4%
108.2%
193.9%
103.7%
154.2%
104.5%
183.3%
167.6%
102.0%
164.3%
81.6%
111.7%
209.1%
131.1%
211.4%
99.3%
115.9%
26.8%
143.5%
47.5%
99.8%
51.2%
60.9%

ROA

Revenues
Growth

Earnings

EPS (bt)
Growth

28.9% 77.3% 844.2%


1.37
2.2% 17.9% 109.0%
3.57
5.0% 11.6% 213.2%
2.08
4.8% 16.6% 13.6%
0.74
0.5% 75.4%
3.4%
0.17
10.1% -16.5% 165.2%
4.55
0.7% 45.8% -3.4%
5.20
8.3%
4.6% -55.6% 13.41
69.3%
1.6%
3.0%
3.34
5.8%
1.0% 27.1% 490.57
0.9% 28.1% 1284.6% 15.00
0.5% 16.2% 75.3%
0.13
28.8% 23.4% 192.5% 447.14
-1.0% 18.7% 86.2% (0.26)
50.0% 18.0% -28.5% 958.06
0.8%
6.8% -50.3% 36.00
22.0% 16.0% 117.9% 4,616.67
56.1% 49.9% 259.1% 40.51
6.0% 25.2% -24.8% 11.19
12.1%
0.2% -42.6% 305.00
26.0% 29.4% 25.2%
0.99
45.0% 29.2% 199.3%
1.81
5.7% 31.8% 142.7% 108.57
25.2% 49.1% 168.5%
1.96
6.3% 33.2% 30.6% 104.44
59.0% 33.4% 332.5% 28.89
23.7% 46.5% -34.0%
1.75
36.0%
7.3% -34.9% 11.70
6.4% 48.5% 44.4%
1.67
-2.9% 11.4% -889.5% (12.53)
20.3% 42.0% 35.2%
1.98
18.4% -3.3% -85.6% 20.00
3.7%
7.2% 26.1% 38.60
14.0% 28.9% 182.4% 6,222.22
63.1% 11.7% 15.6%
1.56
March-April 2012

Ranking
2010

1
2
3
4
5
6
7
8
9
10
11
12
13
14
16
15
17
18
19
20
21
22
23
25
24
26
27
28
29
30
31
32
33
34
35

Sector

F
T
G
T
T
T
G
G
G
T
T
T
T
T
G
G
G
T
T
G
O
F
T
T
T
T
T
O
T
T
O
T
O
T
G

TTIS Textile Digest

19

top companies
Top Thai Textile & Garment Companies
T&G Ranking

Company Name

2010

2009

36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74

35
n/a
30
37
31
44
n/a
40
41
61
58
64
n/a
n/a
62
33
n/a
55
n/a
52
47
43
50
n/a
61
59
60
n/a
n/a
63
n/a
n/a
n/a
n/a
n/a
n/a
66
n/a
n/a
TOTAL

NC Apparel Co., Ltd.


Indorama Holding (Thailand) Ltd.
Thai Kurabo Co., Ltd.
Textile Prestige Plc
T.U.W. Textile Co., Ltd.
Lim Line Apparel Co., Ltd.
Union Textile Industries Plc
Hong Seng Knitting Co., Ltd.
Sabina Fareast Co., Ltd.
Thai Rung Textile Co., Ltd.
Nice Apparel Co., Ltd.
Suwan Spinning and Weaving Co., Ltd.
SRF Industries (Thailand) Ltd.
LME Co., Ltd.
L.V.W. Group Co., Ltd.
Body Fashion (Thailand) Co., Ltd.
Thai Industries Development Co., Ltd.
Tong Siang Co., Ltd.
Club 21 ( Thailand) Ltd.
Thai Toray Textile Mills Plc
Southeast Textile Co., Ltd.
Trax Intertrade Co., Ltd.
Thai Unique Textile Plc.
Erawan Textile Co., Ltd.
The Phiphatanakit Textile Co., Ltd.
Gold Mine Garment Co., Ltd.
Jaspal & Sons Co., Ltd.
Tuntex Textile (Thailand) Co., Ltd.
Rama Textile Industry (1988) Co., Ltd.
Petchkasem Weaving (1983) Co., Ltd.
Atlantic Mills (Thailand) Co., Ltd.
Top Form Brassiere Co., Ltd.
Siam Knitwear and Garment Co., Ltd.
Yong Sanga Ltd., Part.
Walrus Trading Co., Ltd.
Double Star Industry Co., Ltd.
Nan Yang Knitting Factory Co., Ltd.
T.C.H Suminoe
Peoples Garment Plc

T = Textile / F = Fabric / G = Garment / O = Other

20

March-April 2012

TTIS Textile Digest

Revenues

.
.
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.
. ...
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. ...
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. 21 ()
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. (1983)
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. ..
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Earnings

1,835
43
1,828
1,078
1,814
-21
1,813
77
1,792
41
1,698
39
1,676
476
1,653
25
1,626
11
1,620
91
1,601
-29
1,566
15
1,548
33
1,525
25
1,521
11
1,485
12
1,484
1
1,481
24
1,476
149
1,467
84
1,453
12
1,417
111
1,408
-98
1,405
-30
1,358
165
1,345
11
1,296
53
1,243
-99
1,181
65
1,175
2
1,170
45
1,163
-49
1,151
-193
1,140
4,564
1,135
4
1,076
-127
1,068
488
1,018
11
1,001
122
176,309 13,755

top companies
(Unit : Baht Million)
Assets

Liabilities

873
556
5,896
3,318
1,541
735
2,201
302
1,153
292
626
543
1,368
379
719
515
1,492
1,118
1,610
680
1,169
857
632
33
2,105
1,074
1,149
940
1,161
770
1,163
1,421
1,241
608
1,050
676
715
277
1,316
154
659
207
749
396
1,508
832
1,768
1,330
1,417
425
770
210
1,031
645
1,648
740
800
452
3,341
1,432
1,628
607
561
568
889
190
825
738
691
590
2,598
2,053
2,253
834
743
465
1,563
218
166,534 87,812

Equity

Liabilities/
Equity

317 175.4%
2,577 128.8%
806 91.2%
1,899 15.9%
860 34.0%
83 654.2%
989 38.4%
203 253.7%
431 259.3%
930 73.1%
311 275.6%
598
5.5%
1,031 104.2%
209 449.8%
391 196.9%
-258 -550.8%
633 96.0%
374 180.7%
438 63.2%
1,163 13.2%
452 45.8%
353 112.2%
676 123.1%
439 303.0%
992 42.8%
560 37.5%
386 167.1%
908 81.5%
347 130.3%
1,909 75.0%
1,021 59.5%
-7 -8114.3%
699 27.2%
87 848.3%
101 581.7%
545 376.7%
1,418 58.8%
277 167.9%
1,346 16.2%
78,748 2779.4%

Net
Margin

2.3%
59.0%
-1.2%
4.3%
2.3%
2.3%
28.4%
1.5%
0.7%
5.6%
-1.8%
1.0%
2.1%
1.6%
0.7%
0.8%
0.1%
1.6%
10.1%
5.7%
0.8%
7.8%
-7.0%
-2.1%
12.2%
0.8%
4.1%
-8.0%
5.5%
0.2%
3.8%
-4.2%
-16.8%
400.4%
0.4%
-11.8%
45.7%
1.1%
12.2%
757.0%

ROE

13.6%
41.8%
-2.6%
4.1%
4.8%
47.0%
48.1%
12.6%
2.5%
9.8%
-9.3%
2.5%
3.2%
12.0%
2.8%
4.7%
0.2%
6.4%
34.0%
7.2%
2.7%
31.4%
-14.5%
-6.8%
16.6%
2.0%
13.6%
-10.9%
18.7%
0.1%
4.4%
-700.0%
-27.6%
5246.0%
3.9%
-23.3%
34.4%
4.0%
9.1%
5469.2%

Revenues/
Asset

210.2%
31.0%
117.7%
82.4%
155.4%
271.2%
122.5%
229.9%
109.0%
100.6%
137.0%
247.8%
73.5%
132.7%
131.0%
127.7%
119.6%
141.0%
206.4%
111.5%
220.5%
189.2%
93.4%
79.5%
95.8%
174.7%
125.7%
75.4%
147.6%
35.2%
71.9%
207.3%
129.5%
138.2%
164.2%
41.4%
47.4%
137.0%
64.0%
9424.0%

ROA

7.7%
32.5%
-2.9%
25.5%
14.0%
7.2%
125.4%
4.9%
1.0%
13.4%
-3.4%
45.5%
3.1%
2.7%
1.4%
0.8%
0.2%
3.6%
53.8%
54.4%
5.8%
28.0%
-11.8%
-2.3%
38.8%
5.2%
8.1%
-13.4%
14.4%
0.1%
7.4%
-8.6%
-101.6%
618.4%
0.7%
-6.2%
58.5%
2.4%
56.0%
1752.8%

Revenues
Growth

11.4%
71.8%
2.4%
12.5%
1.6%
16.3%
150.9%
7.2%
8.4%
33.2%
36.4%
43.2%
849.7%
44.3%
35.0%
-10.4%
16.1%
18.4%
6.6%
10.8%
2.7%
-3.5%
0.4%
25.9%
20.0%
15.5%
12.2%
17.3%
38.1%
4.8%
22.8%
50.8%
11.7%
31.2%
-4.9%
18.0%
6.1%
35.2%
1.7%
2516.3%

Earnings

EPS (bt)
Growth

9.1% 107.50
101.9% 13.92
-166.9% (38.18)
23.7%
0.71
-26.0% 12.42
15.8% 35.45
1712.3% 28.39
-0.2% 127.40
81.7%
7.52
103.4% 15.17
73.1% (72.50)
87.5%
3.33
160.0% 33.00
108.3% 12.50
21.4%
0.31
101.4%
0.02
-21.4%
1.83
19.3%
9.60
46.1% 2,980.00
3.6% 13.97
152.6%
4.00
551.0% 114.43
-1235.0% (2.73)
79.5% (16.87)
512.0% 117.86
-51.0% 27.50
59.0% 375.00
-105.3% (141.43)
712.5% 26.00
103.0%
1.25
9.8% 12.16
-2550.0% (612.50)
-1.0% (46.47)
32.0%
n/a
0.0%
5.71
-1.6% (74.71)
-68.0% 1,220.00
83.3%
0.44
-4.9%
1.27
4079.3% 17,791
March-April 2012

Ranking
2010

Sector

36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74

G
T
T
G
T
G
T
G
G
T
G
T
O
G
T
G
T
T
G
T
T
G
T
T
T
G
T
F
T
T
T
G
G
G
G
T
T
O
G

TTIS Textile Digest

21

top companies

Top Thai Textile & Garment Companies - By Subsector


T&G Ranking
2010

22

1
22
63

2
4
5
6
10
11
12
13
14
18
19
23
25
24
26
27
29
30
32
34
37
38

March-April 2012

Company Name

By Subsector

Earnings

Assets

Liabilities

Equity

2009

1
28
n/a

I Fiber Sector
Indorama Polyester Industries Plc
Thai Indo Kordsa Co., Ltd.
Tuntex Textile (Thailand) Co., Ltd.
Sub-Total

5
8
16
6
11
17
13
n/a
18
n/a
25
34
45
38
39
n/a
n/a
32
26
46
n/a
30

II Textile Sector
Jong Stit Co., Ltd.
Y.R.C. Textile Co., Ltd.
Lucky Spinning Co., Ltd.
Luckytex (Thailand) Plc
Chiem Patana Textiles Co., Ltd.
Kangwal Textile Co., Ltd.
Nan Yang Fabric Co., Ltd.
Natural Rubber Thread
Thai Textile Industry Plc
Saha Seiren Co., Ltd.
Indo-Thai Synthetics Co., Ltd.
Nan Yang Textile Co., Ltd.
K. Cotton & Gauze Co., Ltd.
Thong Thai Textile Co., Ltd.
Thai Alliance Textile Co., Ltd.
World Flex Plc.
H V Filla Co., Ltd.
Far East Knitting and Spinning Co., Ltd.
The Thai Silk Co., Ltd.
Bangkok Weaving Mills Ltd.
Indorama Holding Limited
Thai Kurabo Co., Ltd.

TTIS Textile Digest

15,586
2,484
1,243
19,313

1,913
103
-99
1,917

10,905
1,512
1,648
14,065

6,615
229
740
7,584

4,264
1,283
908
6,455

7,310
4,931
4,880
4,735
3,563
3,487
3,380
3,370
3,222
2,844
2,648
2,180
2,137
2,137
2,127
2,127
2,002
1,968
1,945
1,860
1,828
1,814

41
117
27
236
104
18
13
313
-13
316
47
76
200
47
260
135
65
-188
40
560
1,078
-21

4,612
4,826
6,897
6,109
4,040
3,194
3,788
1,617
2,977
2,722
1,445
2,670
1,913
1,022
1,622
1,006
1,727
7,331
4,095
3,636
5,896
1,541

1,872
2,433
5,584
2,338
1,803
1,896
2,654
1,085
1,347
563
780
1,336
793
747
441
570
1,019
6,440
217
3,995
3,318
735

2,740
2,393
1,313
3,771
2,236
1,298
1,133
532
1,630
2,159
664
1,334
1,120
276
1,181
437
708
892
3,878
-359
2,577
806

top companies

(Unit : Baht Million)


ROE

Liabilities/
Equity

Revenues/
Asset

Revenues
Growth

Earnings
Growth

Net Margin

ROA

Revenues
2009

Earnings
2008

EPS (bt)

155.1%
17.8%
81.5%
254.5%

12.3%
4.1%
-8.0%
8.5%

44.9%
8.0%
-10.9%
42.0%

142.9%
164.3%
75.4%
382.6%

28.9%
45.0%
-13.4%
60.5%

77.3%
29.2%
17.3%
123.7%

844.2%
199.3%
-105.3%
938.2%

1.37
1.81
(141.43)
-138

8,792
1,923
1,060
11,774

-257
34
1,851
1,628

68.3%
101.7%
425.3%
62.0%
80.6%
146.1%
234.2%
203.9%
82.6%
26.1%
117.5%
100.1%
70.8%
270.7%
37.3%
130.4%
143.9%
722.0%
5.6%
-1112.8%
128.8%
91.2%

0.6%
0.02
0.6%
5.0%
2.9%
0.5%
0.4%
9.3%
-0.4%
11.1%
1.8%
3.5%
9.4%
2.2%
12.2%
6.3%
3.2%
-9.6%
2.1%
30.1%
59.0%
-1.2%

1.5%
4.9%
2.1%
6.3%
4.7%
1.4%
1.1%
58.8%
-0.8%
14.6%
7.1%
5.7%
17.9%
17.0%
22.0%
30.9%
9.2%
-21.1%
1.0%
156.0%
41.8%
-2.6%

158.5%
102.2%
70.8%
77.5%
88.2%
109.2%
89.2%
208.4%
108.2%
104.5%
183.3%
81.6%
111.7%
209.1%
131.1%
211.4%
115.9%
26.8%
47.5%
51.2%
31.0%
117.7%

2.2%
4.8%
0.5%
10.1%
5.8%
0.9%
0.5%
28.8%
-1.0%
56.1%
6.0%
5.7%
25.2%
6.3%
59.0%
23.7%
6.4%
-2.9%
18.4%
14.0%
32.5%
-2.9%

17.9%
16.6%
75.4%
-16.5%
1.0%
28.1%
16.2%
23.4%
18.7%
49.9%
25.2%
31.8%
49.1%
33.2%
33.4%
46.5%
48.5%
11.4%
-3.3%
28.9%
71.8%
2.4%

109.0%
13.6%
3.4%
165.2%
27.1%
1284.6%
75.3%
192.5%
86.2%
259.1%
-24.8%
142.7%
168.5%
30.6%
332.5%
-34.0%
44.4%
-889.5%
-85.6%
182.4%
101.9%
-166.9%

3.57
0.74
0.17
4.55
490.57
15.00
0.13
447.14
(0.26)
40.51
11.19
108.57
1.96
104.44
28.89
1.75
1.67
(12.53)
20.00
6,222.22
13.92
(38.18)

6,198
4,228
2,782
5,669
3,527
2,722
2,909
2,731
2,715
1,897
2,115
1,654
1,433
1,604
1,595
1,452
1,348
1,767
2,012
1,443
1,064
1,771

20
103
26
89
82
1
7
107
-94
88
63
-178
-292
36
-112
204
45
-19
278
-680
534
31

March-April 2012

TTIS Textile Digest

23

top companies

Top Thai Textile & Garment Companies - By Subsector


T&G Ranking

24

2010

2009

40
42
45
47
50
52
53
55
56
58
59
60
62
64
65
66
71
72

31
n/a
61
64
62
n/a
55
52
47
50
n/a
61
60
n/a
63
n/a
n/a
66

3
7
8
9
16
15
17

n/a
12
9
10
22
15
21

March-April 2012

Company Name

T.U.W. Textile Co., Ltd.


Union Textile Industries Plc
Thai Rung Textile Co., Ltd.
Suwan Spinning and Weaving Co., Ltd.
L.V.W. Group Co., Ltd.
Thai Industries Development Co., Ltd.
Tong Siang Co., Ltd.
Thai Toray Textile Mills Plc
Southeast Textile Co., Ltd.
Thai Unique Textile Plc.
Erawan Textile Co., Ltd.
The Phiphatanakit Textile Co., Ltd.
Jaspal & Sons Co., Ltd.
RamaTextile Industry (1988) Co., Ltd.
Petchkasem Weaving (1983) Co., Ltd.
Atlantic Mills (Thailand) Co., Ltd.
Double Star Industry Co., Ltd.
Nan Yang Knitting Factory Co., Ltd.
Sub-Total
III Garment Sector
Central Trading Co., Ltd.
Hi-Tech Apparel Co., Ltd.
Thai Garment Export Co., Ltd.
Thai Wacoal Plc
HBI Manufacturing (Thailand) Ltd.
Nanyang Garment Co., Ltd.
Jaspal Co., Ltd.

TTIS Textile Digest

Revenues

Earnings

Assets

Liabilities

Equity

1,792
1,676
1,620
1,566
1,521
1,484
1,481
1,467
1,453
1,408
1,405
1,358
1,296
1,181
1,175
1,170
1,076
1,068
91,691

41
476
91
15
11
1
24
84
12
-98
-30
165
53
65
2
45
-127
488
4,788

1,153
1,368
1,610
632
1,161
1,241
1,050
1,316
659
1,508
1,768
1,417
1,031
800
3,341
1,628
2,598
2,253
101,220

292
379
680
33
770
608
676
154
207
832
1,330
425
645
452
1,432
607
2,053
834
54,375

860
989
930
598
391
633
374
1,163
452
676
439
992
386
347
1,909
1,021
545
1,418
46,842

5,334
4,669
3,998
3,593
3,052
3,052
3,041

166
13
59
401
265
18
277

3,601
2,095
2,343
5,295
1,574
2,943
1,972

3,352
1,766
707
579
530
2,275
1,260

250
330
1,636
4,716
1,043
668
712

top companies

(Unit : Baht Million)


ROE

Liabilities/
Equity

Revenues/
Asset

Revenues
Growth

Earnings
Growth

Net Margin

ROA

Revenues
2009

Earnings
2008

EPS (bt)

34.0%
38.4%
73.1%
5.5%
196.9%
96.0%
180.7%
13.2%
45.8%
123.1%
303.0%
42.8%
167.1%
130.3%
75.0%
59.5%
376.7%
58.8%
4156.3%

2.3%
28.4%
5.6%
1.0%
0.7%
0.1%
1.6%
5.7%
0.8%
-7.0%
-2.1%
12.2%
4.1%
5.5%
0.2%
3.8%
-11.8%
45.7%
248.0%

4.8%
48.1%
9.8%
2.5%
2.8%
0.2%
6.4%
7.2%
2.7%
-14.5%
-6.8%
16.6%
13.6%
18.7%
0.1%
4.4%
-23.3%
34.4%
507.1%

155.4%
122.5%
100.6%
247.8%
131.0%
119.6%
141.0%
111.5%
220.5%
93.4%
79.5%
95.8%
125.7%
147.6%
35.2%
71.9%
41.4%
47.4%
4522.8%

14.0%
125.4%
13.4%
45.5%
1.4%
0.2%
3.6%
54.4%
5.8%
-11.8%
-2.3%
38.8%
8.1%
14.4%
0.1%
7.4%
-6.2%
58.5%
671.0%

1.6%
150.9%
33.2%
43.2%
35.0%
16.1%
18.4%
10.8%
2.7%
0.4%
25.9%
20.0%
12.2%
38.1%
4.8%
22.8%
18.0%
6.1%
1070.1%

-26.0%
1712.3%
103.4%
87.5%
21.4%
-21.4%
19.3%
3.6%
152.6%
-1235.0%
79.5%
512.0%
59.0%
712.5%
103.0%
9.8%
-1.6%
-68.0%
4242.0%

12.42
28.39
15.17
3.33
0.31
1.83
9.60
13.97
4.00
(2.73)
(16.87)
117.86
375.00
26.00
1.25
12.16
(74.71)
1,220.00
9,213

1,764
668
1,216
1,093
1,127
1,278
1,251
1,324
1,414
1,402
1,116
1,132
1,155
855
1,121
953
912
1,007
75,423

55
-30
-2,668
8
9
1
20
81
5
-7
-146
-40
33
8
-67
41
-125
1,524
-958

1340.8%
535.2%
43.2%
12.3%
50.8%
340.6%
177.0%

3.1%
0.3%
1.5%
11.2%
8.7%
0.6%
9.1%

66.4%
3.9%
3.6%
8.5%
25.4%
2.7%
38.9%

148.1%
222.9%
170.6%
67.9%
193.9%
103.7%
154.2%

5.0%
0.7%
8.3%
69.3%
50.0%
0.8%
22.0%

11.6%
45.8%
4.6%
1.6%
18.0%
6.8%
16.0%

213.2%
-3.4%
-55.6%
3.0%
-28.5%
-50.3%
117.9%

2.08
5.20
13.41
3.34
958.06
36.00
4,616.67

4,778
3,203
3,823
3,536
2,585
2,857
2,623

53
13
133
389
371
36
127

March-April 2012

TTIS Textile Digest

25

top companies

Top Thai Textile & Garment Companies


T&G Ranking
2010

2009

20
35
36
39
41
43
44
46
49
51
54
57
61
67
68
69
70
74

20
36
35
37
44
40
41
58
n/a
33
n/a
43
59
n/a
n/a
n/a
n/a
n/a

21
28
31
33
48
73

n/a
27
n/a
n/a
n/a
n/a

Company Name

March-April 2012

Earnings

Assets

Liabilities

Equity

NK Apparel Co., Ltd.


Thanulux Plc
NC Apparel Co., Ltd.
Textile Prestige Plc
Lim Line Apparel Co., Ltd.
Hong Seng Knitting Co., Ltd.
Sabina Fareast Co., Ltd.
Nice Apparel Co., Ltd.
LME Co., Ltd.
Body Fashion (Thailand) Ltd.
Club 21 ( Thailand) Ltd.
Trax Intertrade Co., Ltd.
Gold Mine Garment Co., Ltd.
Top Form Brassiere Co., Ltd.
Siam Knitwear and Garment Co., Ltd.
Yong Sanga Ltd., Part.
Walrus Trading Co., Ltd.
Peoples Garment Plc
Sub-Total

2,641
1,838
1,835
1,813
1,698
1,653
1,626
1,601
1,525
1,485
1,476
1,417
1,345
1,163
1,151
1,140
1,135
1,001
54,282

122
187
43
77
39
25
11
-29
25
12
149
111
11
-49
-193
4,564
4
122
6,430

1,576
3,016
873
2,201
626
719
1,492
1,169
1,149
1,163
715
749
770
561
889
825
691
1,563
40,570

1,006
296
556
302
543
515
1,118
857
940
1,421
277
396
210
568
190
738
590
218
21,209

570
2,720
317
1,899
83
203
431
311
209
-258
438
353
560
-7
699
87
101
1,346
19,417

IV Other
DSG International Co., Ltd.
Carpet International (Thailand) Plc
Interfaceflor (Thailand) Co., Ltd.
Khon Kaen Fishing Net Factory Co., Ltd.
SRF Indutstry Co., Ltd.
T.C.H Chuminoae
Sub-Total

2,537
2,081
1,967
1,872
1,548
1,018
11,023

298
117
123
39
33
11
621

2,488
2,096
1,371
1,875
2,105
743
10,678

1,145
325
605
1,030
1,074
465
4,644

1,343
1,772
766
846
1,031
277
6,035

176,309

13,755

166,534

87,812

78,748

Grand Total

26

Revenues

TTIS Textile Digest

top companies

(Unit : Baht Million)


ROE

Liabilities/
Equity

Revenues/
Asset

Revenues
Growth

Earnings
Growth

Net Margin

ROA

Revenues
2009

Earnings
2008

EPS (bt)

176.5%
10.9%
175.4%
15.9%
654.2%
253.7%
259.3%
275.6%
449.8%
-550.8%
63.2%
112.2%
37.5%
-8114.3%
27.2%
848.3%
581.7%
16.2%
-2207.8%

4.6%
10.2%
2.3%
4.3%
2.3%
1.5%
0.7%
-1.8%
1.6%
0.8%
10.1%
7.8%
0.8%
-4.2%
-16.8%
400.4%
0.4%
12.2%
471.6%

21.4%
6.9%
13.6%
4.1%
47.0%
12.6%
2.5%
-9.3%
12.0%
4.7%
34.0%
31.4%
2.0%
-700.0%
-27.6%
5246.0%
3.9%
9.1%
4863.5%

167.6%
60.9%
210.2%
82.4%
271.2%
229.9%
109.0%
137.0%
132.7%
127.7%
206.4%
189.2%
174.7%
207.3%
129.5%
138.2%
164.2%
64.0%
3863.4%

12.1%
63.1%
7.7%
25.5%
7.2%
4.9%
1.0%
-3.4%
2.7%
0.8%
53.8%
28.0%
5.2%
-8.6%
-101.6%
618.4%
0.7%
56.0%
929.7%

0.2%
11.7%
11.4%
12.5%
16.3%
7.2%
8.4%
36.4%
44.3%
-10.4%
6.6%
-3.5%
15.5%
50.8%
11.7%
31.2%
-4.9%
1.7%
351.7%

-42.6%
15.6%
9.1%
23.7%
15.8%
-0.2%
81.7%
73.1%
108.3%
101.4%
46.1%
551.0%
-51.0%
-2550.0%
-1.0%
32.0%
0.0%
-4.9%
-1395.8%

305.00
1.56
107.50
0.71
35.45
127.40
7.52
(72.50)
12.50
0.02
2,980.00
114.43
27.50
(612.50)
(46.47)
n/a
5.71
1.27
8,630

2,635
1,645
1,647
1,611
1,460
1,541
1,500
1,174
1,057
1,657
1,384
1,468
1,165
771
1,030
869
1,194
984
48,198

213
161
39
62
34
26
6
-108
12
-871
102
17
22
2
-191
3,457
4
128
4,239

85.3%
18.3%
79.0%
121.8%
104.2%
167.9%
576.4%

11.7%
5.6%
6.3%
2.1%
2.1%
1.1%
28.9%

22.2%
6.6%
16.1%
4.6%
3.2%
4.0%
56.6%

102.0%
99.3%
143.5%
99.8%
73.5%
137.0%
655.1%

26.0%
36.0%
20.3%
3.7%
3.1%
2.4%
91.5%

29.4%
7.3%
42.0%
7.2%
849.7%
35.2%
970.8%

25.2%
-34.9%
35.2%
26.1%
160.0%
83.3%
294.9%

0.99
11.70
1.98
38.60
33.00
0.44
87

1,961
1,939
1,385
1,746
163
753
7,947

238
180
91
31
-55
6
490

2779.4%

757.0%

5469.2%

9424.0%

1752.8%

2516.3%

4079.3%

17,791

143,342

5,400

March-April 2012

TTIS Textile Digest

27

Top Ten By Revenues

T&G Ranking
2010

2009

1
2
3
4
5
6
7
8
9
10

1
5
n/a
8
16
6
12
9
10
11

2
2010

2009

69
1
37
34
72
42
9
18
13
21

n/a
1
n/a
46
66
n/a
10
n/a
n/a
n/a

2010

2009

1
30
5
6
37
9
4
2
32
10

1
32
16
6
n/a
10
8
5
26
11

Company Name
Yong Sanga Ltd., Part.
Indorama Polyester Industries Plc
Indorama Holding Limited
Bangkok Weaving Mills Ltd.
Nan Yang Knitting Factory Co., Ltd.
Union Textile Industries Plc
Thai Wacoal Plc
Saha Seiren Co., Ltd.
Natural Rubber Thread
DSG International Co., Ltd.

Revenues
4,564
1,913
1,078
560
488
476
401
316
313
298

Company Name
Indorama Polyester Industries Plc
Far East Knitting and Spinning Co., Ltd.
Lucky Spinning Co., Ltd.
Luckytex (Thailand) Plc
Indorama Holding Limited
Thai Wacoal Plc
Y.R.C. Textile Co., Ltd.
Jong Stit Co., Ltd.
The Thai Silk Co., Ltd.
Chiem Patana Textiles Co., Ltd.

2010

2009

69
34
3
13
42
41
1
37
17
72

n/a
46
n/a
n/a
n/a
44
1
n/a
21
66

March-April 2012

Company Name
Yong Sanga Ltd., Part.
Bangkok Weaving Mills Ltd.
Central Trading Co., Ltd.
Natural Rubber Thread
Union Textile Industries Plc
Lim Line Apparel Co., Ltd.
Indorama Polyester Industries Plc
Indorama Holding Limited
Jaspal Co., Ltd.
Nan Yang Knitting Factory Co., Ltd.

TTIS Textile Digest

2010

2009

48
42
1
5
37
67
18
25
29
27

n/a
n/a
1
16
n/a
n/a
n/a
45
n/a
n/a

10,905
7,331
6,897
6,109
5,896
5,295
4,826
4,612
4,095
4,040

2010

2009

42
11
1
64
57
60
26
18
3
22

n/a
17
1
n/a
43
61
39
n/a
n/a
28

Revenues
5246.0%
156.0%
66.4%
58.8%
48.1%
47.0%
44.9%
41.8%
38.9%
34.4%

SRF Indutstry Co., Ltd.


Union Textile Industries Plc
Indorama Polyester Industries Plc
Lucky Spinning Co., Ltd.
Indorama Holding Limited
Top Form Brassiere Co., Ltd.
Saha Seiren Co., Ltd.
K. Cotton & Gauze Co., Ltd.
H V Filla Co., Ltd.
World Flex Plc.

Revenues
849.7%
150.9%
77.3%
75.4%
71.8%
50.8%
49.9%
49.1%
48.5%
46.5%

Company Name
Union Textile Industries Plc
Kangwal Textile Co., Ltd.
Indorama Polyester Industries Plc
RamaTextile Industry (1988) Co., Ltd.
Trax Intertrade Co., Ltd.
Phiphatanakit Textile Co., Ltd.
Thai Alliance Textile Co., Ltd.
Saha Seiren Co., Ltd.
Central Trading Co., Ltd.
Thai Indo Kordsa Co., Ltd.

Revenues
1712.3%
1284.6%
844.2%
712.5%
551.0%
512.0%
332.5%
259.1%
213.2%
199.3%

Top Ten By Liabilities to Equity Ratio

T&G Ranking
2010

2009

3
69
30
41
70
7
49
5
71
15

n/a
n/a
32
44
n/a
12
n/a
16
n/a
15

Company Name

Top Ten By Earnings Growth

T&G Ranking

7
Revenues

Top Ten By Revenues Growth

T&G Ranking

Top Ten By Return on Equity

T&G Ranking

28

15,586
7,310
5,334
4,931
4,880
4,735
4,669
3,998
3,593
3,563

Top Ten By Asset

T&G Ranking

Indorama Polyester Industries Plc


Jong Stit Co., Ltd.
Central Trading Co., Ltd.
Y.R.C. Textile Co., Ltd.
Lucky Spinning Co., Ltd.
Luckytex (Thailand) Plc
Hi-Tech Apparel Co., Ltd.
Thai Garment Export Co., Ltd.
Thai Wacoal Plc
Chiem Patana Textiles Co., Ltd.

Revenues

Top Ten By Profit

T&G Ranking

Company Name

Company Name

Revenues

Central Trading Co., Ltd.


1340.8%
Yong Sanga Ltd., Part.
848.3%
Far East Knitting and Spinning Co., Ltd. 722.0%
Lim Line Apparel Co., Ltd.
654.2%
Walrus Trading Co., Ltd.
581.7%
Hi-Tech Apparel Co., Ltd.
535.2%
LME Co., Ltd.
449.8%
Lucky Spinning Co., Ltd.
425.3%
Double Star Industry Co., Ltd.
376.7%
Nanyang Garment Co., Ltd.
340.6%

Top Ten By Net Profit Margin

T&G Ranking
2010

2009

69
37
72
34
42
1
26
74
60
21

n/a
n/a
66
46
n/a
1
39
n/a
61
n/a

Company Name
Yong Sanga Ltd., Part.
Indorama Holding Limited
Nan Yang Knitting Factory Co., Ltd.
Bangkok Weaving Mills Ltd.
Union Textile Industries Plc
Indorama Polyester Industries Plc
Thai Alliance Textile Co., Ltd.
Peoples Garment Public Co., Ltd.
Phiphatanakit Textile Co., Ltd.
DSG International Co., Ltd.

Revenues
400.4%
59.0%
45.7%
30.1%
28.4%
12.3%
12.2%
12.2%
12.2%
11.7%