DELTA Reports 1Q Earnings of ฿1.7Bn as Trade Receivables and Inventories Continue to Rise

DELTA reported a rise of net profit in 1Q21 by 105% to book 1.7 billion baht while trade receivables and inventories continued to edge higher.

Delta Electronics (Thailand) Public Company Limited (DELTA) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

DELTA reported a net profit of 1,756 million baht in 1Q21, increased 105% from a net profit of 856 million baht in 1Q20, mainly due to its higher sales revenue and service income of this quarter totaled 19,039 million baht, increased 49.3% from those of the same period last year due to the strong customer demand outlook in Industrial Tools, Cloud Storage, Data Center and Networking power supplies along with Electric Vehicle Solutions.

In the meantime, cash and cash equivalents in 1Q21 dropped 3.9% to 13,341 million baht when compared to 4Q20. Trade and other receivables rose 16.3% to 16,285 million baht, while inventories also rose 15.5% to 14,615 million baht.