Sri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024

Cherlyn Yeoh11-11

Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023. Sri Trang Agro-Industry (Sri Trang Agro) announced a profit of THB517.3 million ($20.03 million) in its 3QFY2024 ended ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482475745?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 08:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482475745","market":"us","top_or_hot":-1,"title":"Sri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024","media":"Cherlyn Yeoh","content":"<div>\n<p>Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023.\nSri Trang Agro-Industry (Sri Trang Agro) announced a profit of THB517.3 million ($20.03 million) in its 3QFY2024 ended ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/sri-trang-agro-back-black-earnings-thb5173-mil-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSri Trang Agro back in the black with earnings of THB517.3 mil for 3QFY2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/sri-trang-agro-back-black-earnings-thb5173-mil-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Cherlyn Yeoh</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023.\nSri Trang Agro-Industry (Sri Trang Agro) announced a profit of THB517.3 million ($20.03 million) in its 3QFY2024 ended ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/sri-trang-agro-back-black-earnings-thb5173-mil-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/sri-trang-agro-back-black-earnings-thb5173-mil-3qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2482475745","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482475745","pubTimestamp":1731283284,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023.\n","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4179":"石油天然气设备与服务","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","NR":"新园能源"},"translate_title":"Sri Trang Agro扭亏为盈，2024财年第三季度盈利为5.173亿泰铢","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NR":1},"content_text":"Gross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023.\nSri Trang Agro-Industry (Sri Trang Agro) announced a profit of THB517.3 million ($20.03 million) in its 3QFY2024 ended September update released on Nov 8, reversing from a loss of THB410.2 million in the previous corresponding period.\nThis was driven by the performance of natural rubber (NR), which saw higher sales volumes and average selling price (ASP) due to robust demand, especially for European Union’s Deforestation Regulation (EUDR) rubber.\nEarnings per share for the period stood at THB0.34.\nSri Trang Agro reported a revenue of THB31.62 billion, representing a 87.3% y-o-y increase from THB16.88 billion in FY2023. Revenue from NR accounted for 79.7% of total revenue, growing 106.1% y-o-y.\nSales volume of NR in 3QFY2024 totalled 380,565 tonnes, growing 53.1% y-o-y — recording the fourth consecutive quarter of volume growth.\nSale volume of EUDR rubber totalled 62,755 tonnes, accounting for 16.5% of total sales volume, as tire producers were stocking up in preparation for the implementation of the EUDR.\nSri Trang Agro’s gross profit in 3QFY2024 totalled THB3.29 billion, increasing 122.5% y-o-y. \nGross profit margins in 3QFY2024 stood at 10.4%, up from 8% in 3QFY2023.\nWithin products, gloves bore the brunt of the rapidly appreciating Thai Baht, which impacted ASP. The high latex costs from 2QFY2024 also led to lower profit margins.  \nOverall, demand in 3QFY2024 has significantly improved compared with the same period in 2023.\nNR supply in Thailand has returned to normal, the NR supply situation in Indonesia remains unchanged while NR supply in Ivory Coast continues to provide high yield, growing by over 16% during the past year.\nNR prices in 4QFY2024 have been volatile. \nAt the start of 4QFY2024, the market continued its momentum from 3QFY2024 and received a boost from the Chinese government’s stimulus measures which led to a price of TSR20 on Singapore Commodity Exchange to reach a high of $2.18 per kg.\nHowever, the proposal to delay by one year the implementation of the EUDR has caused uncertainty and led the price of TSR20 to move between $1.90 to $2 per kg following the announcement.\nAs at 3.51pm, units in Sri Trang Agro are trading 7 cents lower or 8.54% down at 75 cents.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482475745"}