Sri Trang Gloves posts 551.9% profit surge in FY24

Sales revenue for the period reached $740m.

Sri Trang Gloves (Thailand) reported a net profit of $29.46m (THB995.3m) for FY24, marking a 551.9% year-on-year increase.

In the fourth quarter of 2024, the company posted a net profit of $16.48m (THB556.7m), reversing the previous quarter's loss and achieving a net profit margin of 8.2%.

Sales revenue for FY24 reached $740m (THB25,002.1m), a 27.1% YoY increase driven by higher sales volume and prices.

Meanwhil, Q4 revenue was $200.5m (THB 6,773.0m), up 5.1% quarter-on-quarter due to increased sales volume.

The board of directors has approved a dividend of $0.0148 per share (THB 0.50), to be paid from retained earnings, pending shareholder approval at the 2025 Annual General Meeting.

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