Delta Electronics (Thailand) Plc projects a record net profit this year after a robust performance in the first quarter while preparing a hedge strategy against looming global economic uncertainties.
The largest electronic firm on the Stock Exchange of Thailand (SET) reported total sales of 9.54 billion baht in the three months to March this year, a 9% increase compared with the same period of 2012. Net profit, meanwhile, rose by nearly 71% year-on-year to 1.2 billion baht.
Delta set a record last year with net profit of 4.34 billion baht and this year it expects to outdo itself but executives yesterday declined to be specific about the target this year.
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