PAKKRED, NONTHABURI, THAILAND -- SVI Public Co. reported third quarter consolidated revenue of 2.81 billion baht ($79.5 million), up 19% year-over-year on the acquisition of Seidel Electronics.

Sales were down 4% sequentially. The European operations -- formerly Seidel -- contributed 661 million baht during the quarter. SVI acquired Seidel last January.

The EMS firm saw strength in the industrial sector during the period.

The consolidated net profit was 795 million bath, up 650 million bath from a year ago. The difference was entirely attributable to insurance payouts for fire damage to its plant two years ago in the Banghkadi Industrial Park in Bangkok. Consolidated gross profit was up 8.6% sequentially to 266 million baht. 

1 THB = $0.0282792