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Sri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024

Cherlyn Yeoh
Cherlyn Yeoh • 2 min read
Sri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024
Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023. Photo: Sri Trang Agro
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Sri Trang Agro-Industry (Sri Trang Agro) announced a profit of THB517.3 million ($20.03 million) in its 3QFY2024 ended September update released on Nov 8, reversing from a loss of THB410.2 million in the previous corresponding period.

This was driven by the performance of natural rubber (NR), which saw higher sales volumes and average selling price (ASP) due to robust demand, especially for European Union’s Deforestation Regulation (EUDR) rubber.

Earnings per share for the period stood at THB0.34.

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