Sri Trang Agro-Industry posts $66.56m net profit in FY24

It was driven by strong demand and higher selling prices.

Sri Trang Agro-Industry Public Company Limited (STA) has reported a net profit of $66.56m (THB1,670.4m) for the fiscal year 2024, driven by strong demand and higher selling prices.

The company's natural rubber segment recorded 1.4 million tons in sales, benefiting from a nearly 30% surge in NR prices amidst robust market demand. Glove sales hit a record 38,549 million pieces as demand rebounded, and sales of EUDR-compliant rubber also boosted performance.

The Board approved a dividend of $0.04 per share (THB1.0), to be paid from net profit and retained earnings, pending shareholder approval at the 2025 Annual General Meeting.

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