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Sri Trang Agro sinks into the red in FY16 on operating loss

Michelle Zhu
Michelle Zhu3/1/2017 01:00 PM GMT+08  • 2 min read
Sri Trang Agro sinks into the red in FY16 on operating loss
SINGAPORE (March 1): Sri Trang Agro-Industry, the natural rubber (NR) producer, has swung to FY16 losses of THB 758 million ($30.5 million) compared the FY15 earnings of THB $1.1 billion as expenses rose and gains fell.
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SINGAPORE (March 1): Sri Trang Agro-Industry, the natural rubber (NR) producer, has swung to FY16 losses of THB 758 million ($30.5 million) compared the FY15 earnings of THB $1.1 billion as expenses rose and gains fell.

FY16 revenue from sale of goods and services grew 26.1% to THB 77.3 billion from THB 61.3 billion a year ago, driven mainly by a 33.4% growth of sale volume to a record high of 1.5 million tons.

This was largely a result of a pickup NR demand from tyre producers which the group says was driven by its strategy of selective selling to sacrifice market share in order to maintain profitability.

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