Delta sees 7.8 per cent rise in profit
Delta Electronics (Thailand) Plc has reported Bt5.13 billion in net profit, up 4.05 per cent from the 2017 figure of Bt4.93 billion, according to the company’s report to the SET late on Monday.
In 2018, consolidated sales revenues amounted to Bt53.067 billion, a 7.8-per-cent increase from 2017, and 13.2 per cent over 2016. The bump was mainly due to an increase in sales by its power electronics business group, especially sales of power supplies for the automotive (Electric Vehicle solutions) sector, which rose 26.2 per cent over the previous year. Also, power supplies for industrial tools rose 15.5 per cent. This was caused by the increasing demand in Asian and European markets following the recovery in the EU economy. Computer and networking power supplies and custom design power supplies also had steady growth at 7.6 per cent and 6 per cent respectively. In 2018, sales revenues in the Asian market represented the highest proportion, 46 per cent of total sales, an increase from 2017’s 41 per cent, while European markets were maintained at 27 to 28 per cent, with no change. However, North America markets decreased from 29 per cent to 26 per cent of total sales
