Sri Tang Gloves’ profit drop by nearly 80% in Q2

This was attributed to the US’ reciprocal tariffs.

Sri Tang Gloves posted a net profit of $3.09m (THB 77.1m) in the second quarter of 2025 (Q2 2025), declining by 81.8% quarter-on-quarter (QoQ) and 79.6% year-on-year (YoY).

According to their bourse filing, the decline in profit resulted mainly from the impact of US reciprocal tariffs, which led to increased price competition and a wait-and-see situation of some US customers for the final rate of tariff.

The group reported that its cost of goods sold in Q2 2025 was $219.44m (THB5.479 b), an increase of 10.4% YoY because of higher raw material prices and sales volume.

For its sales volume in Q2 2025, the group sold 9.091 billion pieces, slightly down by 1.1% QoQ because of the wait-and-see situation of some US customers for the final rate of tariff, but remaining solid on the back of our diversified customer base.

The sales volume increased 7.9% YoY on the back of the recovery in demand worldwide.

$1 = THB24.97