SVI Public Co. Sees 1% Rise in Q4 Revenue
BANGKOK -- SVI Public Company reported consolidated revenue for the fourth quarter was THB 5.34 billion ($157.4 million), down 4% sequentially but up 1.1% year-over-year.
Consolidated gross profit for the quarter was THB 495 million, up 17% from September and 14.3% from the year before. Net profit was THB 325 million, up 97% sequentially and 47.7% from last year.
Operating profit for the quarter excluding other income was THB 266 million, up 29.1% sequentially. Gross profit margin rose to 9.3% from 7.6% the previous quarter.
Communication and Network, Industrial Control, and Automotive were key sectors in contributing to sales this quarter, while currency effects boosted profits.
A newly established facility in the US will have positive impact to customer demand going forward, SVI added.
Margins expanded due to operational efficiency and the overall weakening of the Thai baht.
For the year, the company reported consolidated revenue of THB 21,912 million ($624 million) in 2024, down 3.4% from the previous year. While demand recovered from key customers, the decrease is due to a demand pushout to the current quarter.
Consolidated net profit for the year was THB 1,379 million, up 49.2%. Consolidated gross profit rose 17.5% to THB 2.17 billion. Gross profit margin was 9.9%, compared to 8.1% of the previous year. The higher gross profit margin was due to new product launches commanding higher margin and the weakening of the baht. Operating profit excluding other income for 2024 was THB 1.29 billion, up 25.9%.
