Animal tracking chips drive SICT

Animal tracking chips drive SICT

Mr Manop says the company will continue to invest in R&D.
Mr Manop says the company will continue to invest in R&D.

Silicon Craft Technology Plc (SICT) announced its second-quarter performance was a net profit of 10.8 million baht, rising 317% year-on-year, driven by global demand for animal RFID tracking chips as many homebound consumers adopted new pets.

Total revenue was 75 million baht, a 0.41% increase year-on-year, of which the major revenue and profits came from animal RFID.

Of total revenue, 19.1% came from immobiliser microchips, 51.8% from animal identification chips and 27.5% from access control and interrogator chips.

Manop Dhamsirianunt, chief executive of SICT, said growth of animal RFID chips accounted for 27.6% of total growth year-on-year, attributed to an increase in orders from key customers.

Sales decreased by 38.6% year-on-year for car immobilisers, while revenue from interrogator and access control chips declined 0.69%.

In the first six months of 2020, SICT's net profit was 26.3 million baht on total revenue of 170 million from its three product groups.

Some 45.6 million baht came from immobilisers, 77.4 million from animal RFID and 45 million from interrogator and access control chips.

"The company did not face a great impact from the pandemic during the second quarter and was able to adapt in sales and marketing strategy during these challenging times," Mr Manop said.

"We have shifted from travelling overseas to meeting clients online, which decreases sales and marketing expenses.

"We will continue to invest in R&D to expand in potential industries such as telehealth, agriculture, environment and smartphone-connected sensor chips. Recent product development includes water cards and anti-counterfeit smart labels."

Do you like the content of this article?

TCG crafts bad debt guarantees

Thai Credit Guarantee Corporation is preparing to launch a B20bn bad debt guarantee programme to assist struggling SMEs saddled with bad debts.


Fly me to the Moon: Japan billionaire offers space seats

TOKYO: It's the sort of chance that comes along just once in a blue Moon: a Japanese billionaire is throwing open a private lunar expedition to eight people from around the world.


SoundCloud to be first music app with 'fan-powered' artist payments

PARIS: SoundCloud announced Tuesday it would become the first streaming service to start directing subscribers' fees to the independent artists they support, a move welcomed by musicians campaigning for fairer pay.