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.

Follow the link for more news on

Sri Trang Gloves

Also Read

Fu Yu reviews board change request

Top Glove returns to the black with 159% Q2 net profit surge

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit