Home Capital Results

Sri Trang Agro-Industry 1Q earnings surge to $35 million despite lower revenue

Michelle Zhu
Michelle Zhu5/14/2018 06:52 PM GMT+08  • 2 min read
Sri Trang Agro-Industry 1Q earnings surge to $35 million despite lower revenue
SINGAPORE (May 14): Sri Trang Agro-Industry reported a 109% surge in 1Q18 earnings to THB831.8 million ($34.8 million) from earnings of THB7.6 million a year ago on the back of higher operating profit and gross profit margins.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 14): Sri Trang Agro-Industry reported a 109% surge in 1Q18 earnings to THB831.8 million ($34.8 million) from earnings of THB7.6 million a year ago on the back of higher operating profit and gross profit margins.

Group revenue fell 38% on-year to THB17.7 billion due to a decline in both natural rubber (NR) average selling prices (ASPs) and sales volume, due to a drop in export volume following the implementation of an export quota and in line with the NR prices on the global markets, respectively.

The group also attributes the lower NR sales to continued pressure from excess supply that lingered from last year, while highlighting that Jan-Feb also coincided with Thailand’s NR peak season.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.