Mr. Bancha Ongkosit, Executive Chairman, KCE Electronics Public Co., Ltd. or KCE, disclosed 2013 performance that the company and subsidiaries (company group) achieved sales revenue of 9,293.9 million Baht, up 43% YoY; and net profit of 1,173.5 million Baht, up 82% YoY. Performance of Company’s Group in 2013 has been supported by various positive factors, driving its sales revenue, gross profit margin and net profit to its record-breaking level.
Company Group’s total sales revenue in 2013 is 9,293.9 million Baht (USD 303.4 million), compared to its sales revenue in 2012 of 6,477.9 million Baht (USD 209.4 million), which shows significant growth, representing 43% growth in Baht term (45% growth in USD term). This was resulted from a continuous rise in product demand from both existing customers and from newly developed business, and from Baht depreciation.
“Lower production costs reflect better management of operation department, resulting in higher use of production capacity and better productivity. In addition, production costs have been properly controlled. Gross profit margin increased from 19.2% in 2012 to 26.3% in 2013, mainly caused by significantly better productivity, leading to high level of economy of scale” Mr. Buncha said.
Mr. Buncha added that operating profit of company group has strongly grown, especially in the second half of 2013, thanks to a growth in sales revenue, gross profit margin, and Baht depreciation in 2013. Net profit margin rose from 9.9% to 12.6% and EPS increased from 1.40 Baht to 2.53 Baht in 2013.
“Continuously rising trend from early 2013 leads to impressive performance of company group. Management team believes that the Company will continue to generate growing performance in 2014.” Mr. Bancha ended.