PATHUMTANI, THAILAND – SVI Public Co. reported second quarter net sales of THB 4.2 billion (US$132.5 million), up 2.5% year-over-year and 30% sequentially.

Industrial control, communication and network, microelectronics and automotive were key sectors contributing to growth, the firm said.

Consolidated net income was THB 109 million (US$3.4 million), a decrease of 27.3% year-over-year and 52% sequentially. The decrease is attributed to the foreign exchange loss SVI recognized in the second quarter of THB 54 million.

The company posted consolidated operating profit of THB 188 million (US$5.9 million) for the second quarter, up 80.7% year-over-year and 86% sequentially.

For the first half of 2020, the firm posted consolidated net income of THB 335 million (US$10.7 million), an increase of 43.9% from the same period the previous year.

Ed.: THB 1 = US$0.03

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