SPVI’s 1Q Net Profit Jumps 180% from Higher Sales Revenue 

S P V I Public Company Limited (SPVI) has reported its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

SPVI’s net profit for 1Q21 was Baht 33.82 million, increased from the same quarter of the prior year Baht 21.72 million or 179.50%. The net profit margin for the quarter was approximately 2.44% compared with the same quarter of the prior year at 1.62%. The increase mainly due to the increased revenues from sales while the company was able to efficiently manage selling and administrative expenses mentioned previously.

 

Revenues from sales and service income for 1Q21 was Baht 1,377.67 million, increased from the same quarter of the prior year Baht 642.53 million or 87.40% due to the continuing high demand of new products launched in 4Q21. Moreover, the company was able to manage inventory to support customer demand by the high efficiency of inventory management. Besides, the company has built up an online channel to respond to the customer demand during the Covid-19 pandemic.