The group also attributes the lower NR sales to continued pressure from excess supply that lingered from last year, while highlighting that Jan-Feb also coincided with Thailand’s NR peak season.
SINGAPORE (May 14): Sri Trang Agro-Industry reported a 109% surge in 1Q18 earnings to THB831.8 million ($34.8 million) from earnings of THB7.6 million a year ago on the back of higher operating profit and gross profit margins.
Group revenue fell 38% on-year to THB17.7 billion due to a decline in both natural rubber (NR) average selling prices (ASPs) and sales volume, due to a drop in export volume following the implementation of an export quota and in line with the NR prices on the global markets, respectively.
