Sri Trang Agri's Attributable Profit Balloons 471% in Q2; Shares Up 3%

MT Newswires08-19

Sri Trang Agri's (SGX:NC2) second-quarter profit attributable to equity holders surged 471.3% year-over-year to 628.4 million baht from 110.0 million baht.

Earnings per share came in at 0.0041 baht, up from 0.0007 per share in the year-ago period, according to a Saturday filing with the Singapore Exchange.

Revenue climbed 22% year-on-year to 25.82 billion baht, driven by increased gross profit margin from gloves sales despite shipping disruptions and higher freight rates.

The board approved a dividend of 18.75 baht per share.

Shares of the company were up nearly 3% in recent trading.

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