Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Thai EMS Firm SVI Posts 21% Revenue Growth in Q2 2018
August 10, 2018 | SVI Public Co. LtdEstimated reading time: Less than a minute
Thailand-based EMS firm SVI Public Co. Ltd has reported consolidated sales of THB3.74 billion ($117.7 million) for the second quarter of 2018, up by 20.6% from the same quarter in the previous year. Sequentially, Q2 recorded a 14.8% growth.
Growth is attributed to strong demand from current customers across all sectors, while improvement in materials shortage environment and the company's ability to attract higher volume sales helped enhance profitability.
The industrial products, communications and network sectors were gaining momentum in the quarter. In addition to strong demand from current customers, SVI successfully won key automotive business, allowing the robust growth to continue through 2019. Cumulatively, sales for the six months of the year totaled THB6.997 billion ($221.5 million), and is on track for the company's internal target for 2018.
SVI recorded a consolidated gross profit of THB361.8 million ($11.4 million) in Q2 2018, up by 34.2% from the same period last year. Consolidated gross profit expanded to 9.7% compared to 8.7% of the same period of last year.
Consolidated net income reached THB270.8 million ($8.5 million), more than double or up by 116.8% from the same period last year. Compared to the previous quarter, net income was up by 323.4%.
Share on:
Suggested Items
Sypris Appoints Rachel Ainsworth Brady, Esq. as Senior Corporate Counsel and Secretary
07/12/2024 | Sypris Solutions Inc.Sypris Solutions, Inc. announced the appointment of Rachel Ainsworth Brady, Esq. to the position of Senior Corporate Counsel and Secretary, effective July 8, 2024.
Boeing Expanding Capacity for Advanced Patriot Missile Seeker Production
11/16/2023 | BoeingBoeing has broken ground on a 35,000-square-foot expansion of its Huntsville factory that produces the Patriot Advanced Capability-3 (PAC-3) seeker.
Lockheed Martin Opens 25,000-Square Foot, $16.5M Missile Defense Lab
11/14/2023 | Lockheed MartinLockheed Martin opened a $16.5M engineering facility at its Huntsville campus, introducing more capabilities for missile defense innovation in North Alabama. This facility is a Lockheed Martin capital project and provides evidence of Lockheed Martin's investment in the Huntsville community, increasing opportunities for growth and advanced capability in North Alabama at the company's Huntsville campus. The new Missile System Integration Lab (MSIL) is where Lockheed Martin plans to conduct development, testing, and system integration for the nation's next long range ballistic missile defense interceptor.
Northrop Grumman Expands Space Technology Capabilities in Huntsville
04/06/2023 | Northrop GrummanNorthrop Grumman Corporation cut the ribbon on a new, two-building campus today located just outside of Redstone Arsenal in Huntsville, Alabama, expanding its launch and missile defense development capability.
Boeing Wins Key Missile Defense Contract, Tacking onto Two-Decade Partnership with the MDA
09/02/2022 | BoeingThe U.S. Missile Defense Agency (MDA) has awarded Boeing the Ground-based Midcourse Defense (GMD) System Integration, Test and Readiness (SITR) contract.