Knocking Down the Bone Pile: Best Practices for Electronic Component Salvaging
Global Citizenship: Together for a Perfect PCB Solution
Smart Automation: Odd-form Assembly—Dedicated Insertion Equipment Matters
Thai EMS Firm SVI Reports 8% Sales Growth in Q1 2021
May 31, 2021 | SVI Public Co. LtdEstimated reading time: Less than a minute
Thailand-based EMS firm SVI Public Co. Ltd posted consolidated sales of THB3.46 billion ($114.7 million) for the first quarter of 2021, up by 7.7% compared to the same period last year. Compared to the fourth quarter of 2020, Q1 2021 was down by 6.4% mainly due to the material shortages throughout the industry, while demand from customers continue to be strong. Communications and Network, Industrial Control, and Automotive and Public Transportation were key contributors to sales this quarter.
SVI reported consolidated gross profit for of THB280 million ($9.3 million) for Q1 2021, down by 3.4% from the same quarter last year. Consolidated gross profit margins contracted to 8.1% from 9% in Q1 2020 but remained the same at 8.1% compared to the previous quarter. The contraction was the result of challenging market environment and appreciation in Thai Baht. In terms of consolidated operating profit excluding other income, SVI posted THB127 million ($4.2 million), an increase of 25.7% from the same quarter of the previous year.
Consolidated net income for reached THB148 million ($4.9 million), down by 34.8% from the same period last year, but up by THB46 million ($1.6 million) Compared to the fourth quarter of 2020.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
A.R.T. Invests in Latest Equipment to Further Enhance Electronics Training Facilities
09/17/2025 | A.R.T. Ltd.Advanced Rework Technology Ltd. (A.R.T.), a leading independent IPC-accredited training provider, has announced a series of new equipment investments at its state-of-the-art training centre.
Richardson Electronics Appoints Daniel Albers to Drive Made-in-USA Contract Manufacturing Expansion
09/17/2025 | Globe NewswireRichardson Electronics, Ltd., a global provider of engineered solutions for the green energy, power management, and custom display markets, announced the appointment of Daniel Albers to spearhead business development for its expanded, Made-in-USA contract manufacturing efforts.
STMicroelectronics to Advance Next-generation Chip Manufacturing Technology with New PLP Pilot Line in Tours, France
09/17/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, today announced new details regarding the development of the next generations of Panel-Level Packaging (PLP) technology through a pilot line in its Tours site, France, which is expected to be operational in Q3 2026.
Indium President and CEO to Deliver ELCINA CEO Forum Keynote at Productronica India
09/17/2025 | Indium CorporationIndium Corporation President and CEO Ross Berntson will deliver the Electronic Industries Association of India (ELCINA) CEO Forum keynote at Productronica India, to be held September 17-19 in Bengaluru, India.
TTCI and The Training Connection Strengthen Electronics Manufacturing with Test Services and Training at PCB West 2025
09/16/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a trusted provider of electronic test and manufacturing solutions, and The Training Connection LLC (TTC-LLC) will exhibit at PCB West 2025, taking place Wednesday, October 1, 2025, at the Santa Clara Convention Center in California. Visitors are invited to Booth 113 to explore the companies’ complementary expertise in test engineering services and workforce development for the electronics industry.