PATHUMTANI, THAILAND – SVI Public Co. announced third quarter revenue of THB5.6 billion ($161.2 million), remaining flat compared to last year's third quarter.

For the first nine months of the year, the company's revenue of THB16.6 billion ($466.4 million) represented a decrease of 4.8% from the same period of the previous year.

The company said the stable revenue was an encouraging sign as demand from key customers has rebounded from the fourth quarter of 2023 and first quarter of 2024.

"Fundamentally, the company remains strong with a bright outlook given the demand rebound, strong balance sheet and available capacity for growth," SVI said in a release.