PATHUMTANI, THAILAND – SVI Public Co. announced revenue of THB5.1 billion ($142.4 million) for the first quarter, a decrease of 17.6% from last year's first quarter.

The Communication and Network, Industrial Control and Automotive sectors were key drivers in sales for the quarter, SVI said.

The company's net profit of THB311 million ($) marked a year-over-year increase of 108.7%, due in large part to the winning of new business and the weakening of the Thai Baht during the quarter, the company said.