PATHUMTANI, THAILAND – SVI Public Co. reported 2021 consolidated net sales of THB 17.4 billion (US$542.2 million), up 13.9% year-over-year.

During the year, the company posted record consolidated net sales amid a difficult market environment, with an ongoing semiconductor shortage and pandemic.

Net income before tax was THB 1.4 billion, an increase of 96.5% compared to 2020. Operating profit was THB 1.3 billion, up 118.2%.

As of Dec. 31, SVI Public had consolidated cash and ST/LT of THB 575 million, compared to THB 1.2 billion as of Dec. 31, 2020.

Communication and Network, Industrial Control, and Automotive and Microelectronics were key sectors contributing to sales growth during the fourth quarter. These segments will continue to contribute to the company's growth, SVI Public says.

Ed.: THB 1 = US$0.031

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