11 | Aug | 2015

KCE pleased with Q2/2015 achievements with sales and profit growth

KCE Electronics, a leading manufacturer and exporter of Printed Circuit Board (PCB) in South East Asia, to have outstanding achievements in the second quarter of 2015, increasing the sales revenues and net profit by 8.1 and 2.3 percent respectively, compared with the same period in the previous year. It’s expected that the operating results in the latter half of this year will be even better after relocation to the new facility in Phase II project.

Mr. Bancha Ongkosit, Executive Chairman of KCE Electronics Public Co., Ltd. or KCE, said the operating results in Q2/2015 for KCE and its subsidiaries (Group) showed increased sales revenues of Bt3,047.2 million, compared with Bt2,882.3 million in Q1/2015, an increase of 5.7 percent or an increase of 8.1 percent, compared with Bt2,818.6 million in Q2/2014. The increase was attributed to continuous increase in production capacity in the new facility in Phase I.

In addition, the ratio of gross profit to sales revenue rose from 28.9 percent in Q1/2015 to 30.8 percent in Q2/2015 in line with the increase in production capacity to the breakeven point in Phase I as well as the impact from the exchange rate.

In Q2/2015, the Group registered operating profits of Bt502.1 million, an increase of 9.8 percent from Bt457.3 million in Q1/2015 and an increase of 12.9 percent, compared with the same period in Q2/2014. In terms of the net profit, the Group recorded a net profit of Bt490.1 million in Q2/2015, an increase of 2.3 percent, compared with Q2/2014. The said net profit had included Bt12 million loss from the exchange rate and the Bt34 million profit from the exchange rate. Consequently, the profit per share in Q2/2015 was Bt0.86.

Mr. Bancha added that KCE believed that its operating results in the second half of this year would be better after relocation of the factory to the new facility in Phase II project.