Thai Delta sees higher earnings next year

* Aims for revenue and net profit growth in 2010

* Demand picks up, worst seen in H1 2009

* Plans 300-400 mln baht investment next year

* Acquisition deals in the pipeline

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BANGKOK, Nov 13 (Reuters) - Delta Electronics (Thailand) DELT.BK said on Friday its revenue and profit for 2010 would be higher than this year as demand picked up along with the global economic recovery.

"Our revenue and net profit will be better next year. The economic situation is improving and things will get back to normal. We are also using new technology to increase profits," company director Anusorn Muttaraid told reporters.

However, the company expected to report a 10 percent fall in 2009 revenue -- better than its previous forecast of a 20 percent fall -- and expected a lower net profit for the year, Anusorn said.

"We suffered in the first and second quarters this year but now we are recovering," he added.

Its net profit margin for 2010 would be higher than this year's expected 8-9 percent as production efficiency helped lower costs, and its Indian plants carried no tax costs, Anusorn said. New market expansion would also help to boost sales, he said.

Delta, 24 percent owned by Taiwan-based Delta Electronics Inc (2308.TW), is Thailand's biggest listed electronics firm, producing power supply equipment for telecoms and computer products.

The export-oriented firm, which counts IBM (IBM.N) and Nokia NOKIV.HE as its main clients, had a dollar revenue of $985 million in 2008, with net profit in baht terms of 2.9 billion baht ($87.2 million).

Five analysts have an average net profit forecast for 2009 of 2.2 billion baht, rising to 2.6 billion baht next year, according to a poll by Thomson Reuters I/B/E/S.

Delta planned to spend 300-400 million baht on investment in 2010 but that would not include any acquisition, he said. He has said it planned to build a fourth Indian assembly plant.

The company's board had approved the acquisition of an electronic component maker in the United States and it was also in talks on buying power electronic businesses in the Middle East and South America, he said.