BANGKADI, THAILAND – SVI Public Co. reported first quarter consolidated sales of $124 million, up 19.5% year-over-year. Sequentially, sales were down 12.6%.

Communication and Network, Industrial Control, Automotive and Public Transportation and Medical Devices and Equipment were key sectors contributing to sales, the firm says.

Consolidated net income during the first quarter was $3 million, an increase of 19% compared to the same quarter the previous year, and down 60.5% sequentially.

Cash and short-term investments of $66 million remained relatively stable and unchanged.