Listed companies on the Market for Alternative Investment (mai) achieved a 5% year-on-year rise in sales to THB52.33bn ($1.51bn) for Q1 2023. 198 mai-listed companies submitted their financial reports to the stock exchange for the quarter, and 72% of these reported net profit. Cost controls helped the companies deliver a 10% increase in quarterly operating profits to THB3.29bn. Three industries — agro and food, property and construction, and technology — saw growth in sales, operating profit, and net profit. Debt-to-equity ratios at mai-listed companies decreased from 0.82 times at the end of 2022 to 0.78 times at the end of Q1 2023. The mai Index closed at 484.95 points, with a market cap of THB479.38bn and average daily trading volume of THB2.97bn.