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Increase in glove supply squeezes Sri Trang Gloves' 3Q21 profits

Jovi Ho
Jovi Ho11/8/2021 9:1 PM GMT+08  • 3 min read
Increase in glove supply squeezes Sri Trang Gloves' 3Q21 profits
Sri Trang Gloves (Thailand) announced its secondary listing on the Mainboard of the Singapore Exchange on May 10.
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Sri Trang Gloves (Thailand) posted net profit of THB 4,532.8 million ($185.28 million) for 3QFY2021 ended Sept 30, up 2.9% y-o-y but down 37.7% q-o-q.

Revenue for the quarter came in at THB 10,864.0 million ($444.08 million), growing 32.6% y-o-y but decreasing 16.2% q-o-q.

Net profit margin of 41.7% is down from 56.1% in the previous quarter.

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