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Sri Trang Agro-Industry swings to 3Q loss of $3.6 mil

PC Lee
PC Lee11/16/2016 06:37 PM GMT+08  • 2 min read
Sri Trang Agro-Industry swings to 3Q loss of $3.6 mil
SINGAPORE (Nov 16): Sri Trang Agro-Industry, the natural rubber producer, swung to 3Q losses of THB 90.8 million ($3.6 million) from earnings of THB 349.8 million a year ago.
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SINGAPORE (Nov 16): Sri Trang Agro-Industry, the natural rubber producer, swung to 3Q losses of THB 90.8 million ($3.6 million) from earnings of THB 349.8 million a year ago.

The weaker bottomline was due to a decline in net profit margin which was mainly driven by operating loss, higher income tax, and lower shares of profits from associates and joint ventures.

Total revenue rose 18.9% to THB19.3 billion from THB16.2 billion a year ago. The on-year increase was mainly driven by a 32.8% growth in sales volume, despite an 8.8% decline in average selling price.

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