PATHUMTANI, THAILAND – SVI Public Co. reported revenue of THB5.6 billion ($158.9 million) in the third quarter, a decrease of 20.7% from the THB7 billion ($194.2 million) in revenue for the third quarter of 2022.

For the first nine months of the year, the company saw THB17.4 billion ($506.3 million) in revenue, a decrease of THB1.3 billion ($35.5 million) or 6.9% from the same period of the previous year.

The company said the decrease is due to the slowdown in the global economy resulting in lower sales than previously forecasted by its customers.

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