Strong Demand in Cloud Storage Drives DELTA’s 3Q20 Profit Up 327% to ฿2.64Bn

Delta Electronics (Thailand) Public Company Limited (DELTA) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

DELTA recorded a net profit of Baht 2,643 million, an increase of 327% YoY, making net profit rose up from 5.0% in the same period last year to 15.1%, with EPS of Baht 2.12, compared to Baht 0.50 in 3Q19.

 

Sales revenues and Service income of this quarter amounted to Baht 17,540 million, increased 41.4% over the same period last year and increased 21.0% over last quarter due to strong customer demand in cloud storage and data center-related products such as Critical Infrastructure Solutions (CIS) and Networking Power along with the remarkable growth of Electric Vehicle Solutions in the second half of this year.