BANGKOK – Electronics manufacturer SVI Public Company Ltd. reported fourth-quarter 2010 gross profit of $8.4 million, up 23% year-over-year, and up 11% sequentially.

Consolidated net profit for the quarter was $6.6 million up 25% year-over-year, and up 8% sequentially.

Consolidated revenue for the period was $81 million, up 57% compared to the same period the previous year, and up 24% sequentially.

Full-year 2010 consolidated gross profit was $29.4 million or 11% of revenue, up 10% year-over-year.

The firm posted record 2010 revenue at $258 million, up 36% year-over-year.

The company attributes fourth-quarter growth to an improving economy, higher demand of niche professional IP video products and a new segment diversification in non-traditional EMS business such as medical and automotive.