InfoQuest (February 25, 2020) -- The Securities Exchange of Thailand (SET) reported a total revenue of 7.286 billion baht in 2019, up 10.75 percent year on year. Revenue increased by 162 million baht due to an increase in the number of newly listed companies and securities. Other revenues increased by 184 million baht, mainly including the insurance compensation as a result of the arson of its former office building. Investment revenue grew by 362 million baht, mainly from fund sales gains and mark-to-market investment gains.
Operating expenses were 4.217 billion baht, up 6 percent year on year, mainly due to an increase in compensation payments to staff under the amended Labor Protection Act. The agency's total revenue in 2019 was 3.14 billion baht higher than operating expenses.
The Securities and Exchange Act (6th edition) enacted last year required the SET to transfer 5.7 billion baht to the Capital Market Development Fund (CMDF). This special spending item in 2019 resulted in the total expenses exceeding revenues by 2.599 billion baht.
Source: InfoQuest, by Wilawan Pongpitak/ Rachada, translated by Xinhua Silk Road.
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