PATHUMTHANI, THAILAND – SVI Public Co. reported first quarter consolidated sales of THB 3.5 billion (US$114.7 million), up 7.7% year-over-year and down 6.4% sequentially.

The decrease was mainly attributed to industry material shortages, while customer demand continued to be strong. Communication and Network, Industrial Control, and Automotive & Public Transportation were key sectors contributing to first quarter sales.

Consolidated net income was THB 148 million (US$4.9 million), a decrease of 34.8% compared to the first quarter of 2020, up 31.1% sequentially.

Total consolidated assets in the first quarter were THB 6.5 billion, a decrease of THB 100 million from the previous quarter.  

Ed.: THB 1 = US$0.032