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Sri Trang Gloves net profit up 117.6% for 3QFY2023 as latex costs decrease

Bryan Wu
Bryan Wu • 2 min read
Sri Trang Gloves net profit up 117.6% for 3QFY2023 as latex costs decrease
The company’s earnings growth came as a result of lower latex costs as well as the Thai Baht’s depreciation against the US Dollar.
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Sri Trang Gloves (Thailand) posted net profit of THB47.4 million ($1.77 million) for 3QFY2023 ended Sept 30, up 212.5% q-o-q and 117.6% y-o-y.

Earnings per share for the quarter increased to 2 cents compared to 1 cent in 3QFY2022.

Revenue for 3QFY2023 came in at THB4,740.9 million, decreasing 2.9% y-o-y, while its cost of sales were THB4,145.5 million

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