Post by account_disabled on Dec 26, 2023 7:11:14 GMT 2
SMT smiles as Q3/2020 profits grow by 190.8% to 44.2 million baht, while income is 503.4 million baht, an increase of 33.9% compared to the same period last year. From every business recovering Focus on high margin products and strategy adjustment Expand the new customer base and strengthen the portfolio. Sending Q4 trend of continuous growth, orders from current customers and new customers that have been added will overflow until the end of 2021, supporting SMT to be beautiful. This year's income will grow 13% as planned. Mr. Wirat Phutthai, Chief Executive Officer of Stars Microelectronics (Thailand) Public Company Limited or SMT, revealed the company's operating results for the 3rd quarter of 2020 with a net profit of 44.2 million baht, an increase of 190.8% when Compared to the same period last year.
Which had a net loss of 48.7 million baht, there was income from sales of goods and services of 503.4 million baht, an increase from the same period last year of 127.3 million baht or 33.9%, with income from all business units recovering from the beginning of the year. past Only revenue from Optics products with high Telegram Number Data margins “The operating results are satisfactory. Gross profit in the third quarter amounted to 102.8 million baht, an increase of 82.4 million baht or 403.5% from the same period last year. This is a result of product mix sales in products which provide higher gross profit margins. and operating costs are reduced From managing internal costs to be efficient in line with production totals As a result, the total expenses decreased," Mr. Wirat said. As for the business trend in Q4/2020, it signals continued revenue growth from the previous Q3 from continuously adjusting the strategy to find new customers to strengthen the portfolio.
Moreover, almost all customers have confirmed their orders. And now there are new customers added from America and Europe. It is a product group in the areas of Instruments, Industrial and Optical, resulting in an overflow of orders until the end of 2021, supporting the company's operating results to continue growing and being strong. It is believed that this year's income will grow 13% as planned. “This year's business strategy is to expand the market into new product groups. Using advanced technology to create added value in products to focus on long-term, stable business growth. To be prepared no matter what happens. Including building potential within the organization to expand the customer base to new markets," Mr. Wirat said.
Which had a net loss of 48.7 million baht, there was income from sales of goods and services of 503.4 million baht, an increase from the same period last year of 127.3 million baht or 33.9%, with income from all business units recovering from the beginning of the year. past Only revenue from Optics products with high Telegram Number Data margins “The operating results are satisfactory. Gross profit in the third quarter amounted to 102.8 million baht, an increase of 82.4 million baht or 403.5% from the same period last year. This is a result of product mix sales in products which provide higher gross profit margins. and operating costs are reduced From managing internal costs to be efficient in line with production totals As a result, the total expenses decreased," Mr. Wirat said. As for the business trend in Q4/2020, it signals continued revenue growth from the previous Q3 from continuously adjusting the strategy to find new customers to strengthen the portfolio.
Moreover, almost all customers have confirmed their orders. And now there are new customers added from America and Europe. It is a product group in the areas of Instruments, Industrial and Optical, resulting in an overflow of orders until the end of 2021, supporting the company's operating results to continue growing and being strong. It is believed that this year's income will grow 13% as planned. “This year's business strategy is to expand the market into new product groups. Using advanced technology to create added value in products to focus on long-term, stable business growth. To be prepared no matter what happens. Including building potential within the organization to expand the customer base to new markets," Mr. Wirat said.
