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Sri Trang Gloves posts net loss for 3QFY2024 on rapid appreciation of baht

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Sri Trang Gloves posts net loss for 3QFY2024 on rapid appreciation of baht
Net profit for 9MFY2024, however, stood at THB438.6 million — more than doubling the net profit for the same period last year. Photo: Sri Trang Gloves
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Sri Trang Gloves (Thailand) has posted a net loss of THB86.5 million ($3.35 million) for its 3QFY2024 ended September compared to a net profit of THB378.4 million baht in the previous corresponding period, primarily resulting from the rapid appreciation of the Thai baht.

Net profit for 9MFY2024, however, stood at THB438.6 million — more than doubling the net profit for the same period last year.

Sales revenue in 3QFY2024 totalled THB6.44 billion, up 35.9% y-o-y. Sales volume reached 9,593 million pieces, growing by 13.8% q-o-q and 26.3% y-o-y across all products and regions. 

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