• Sales Revenue rise by 151.1% to Baht 357.41 million YOY.
• Gross Profit was at Baht 88.42 million, an increase of 149.7% YOY.
• Highest Net Operating Profit at Baht 23.92 million, an increase of 5394.3% YOY.

Bangkok – SELIC achieved its highest revenue and profit growth for the quarter at Baht 359.33 million and Baht 23.92 million respectively. The results of Q1/2019 shows the highest increase of revenue at 151.2% and 5,394.3% for net profit resulting from the recent acquisition of PMC group and efficient cost management in the quarter. The company is currently carrying out its plan on market expansion for both adhesive and self- adhesive label businesses.

Specialty products would be one of the product strategy in which expected to be trial run in quarter 2. In the meantime, the company will continue to seek opportunities to grow through merger and acquisition (M&A) or collaboration in terms of joint venture (JV) or partnership to pursue long term and sustainable growth.

Following the company’s growth strategy through M&A, the company successfully acquired and gained complete ownership of PMC Label Materials Company Limited (PMCT) in Thailand and PMC Label Material Pte. Ltd. (PMCS) in Singapore, the manufacturer and distributor of self-adhesive and label products, as of January of 2019. As a result, the company structure is impacted in which both PMCT and PMCS are now subsidiaries of “SELIC” and the revenue is now generated by 2 main business operations; 1. Adhesive business and 2. Self- adhesive label business which could support each other’s.

“We continue executing our growth strategy which focusing on market expansion through product strategy or organic growth as well as opportunity to grow through M&A or other form of collaboration. The success of recent acquisition of the PMC group (PMC Label Materials in Thailand and PMC Label Materials in Singapore) impacted significantly on our overall performance in Q1/2019. In addition, the adhesive business also recorded growth of 7% compared to the same period last quarter. This indicates that the company is following the right direction,” said Ek Suwatthanaphim, Selic Chief Executive Officer.

Strong growth demand of adhesive and self-adhesive label sectors are projected with substantial growth in the future, particularly in Asia Pacific which expected to grow at the highest growth rate based on the reports from Markets and Markets. This indicates a very good direction for future growth and expansion of the company for both business segments.

“In the year 2019, Selic will continue focusing on both adhesive and self-adhesive label segments, by giving the priority in new market expansion for future growth, and expand existing markets through new product development strategy, as well as providing the exceptional customer service experience. We expects to continuously maintain the current operating results, create and gain the benefits from the synergy, in order to maximize profit and future sustainability growth.”

About SELIC

Selic Corp Public Company Limited. Is a Thais manufacturer and distributor of Adhesives Industry. Established since 1981. Currently, it is a full-service provider of Adhesive technology Industry to customers in various industries extensively both inside and outside countries by professional crews who are very experienced and specialized knowledge, including the research and development team of products that are continuously developed. SELIC corp., has operated by focusing on quality and services to serve the needs of customers for highest satisfaction and is a part of the business growth of customers effectively. For adding information kindly visit our website http://seliccorp.com/