Sri Trang Gloves posts 551.9% profit surge in FY24

Sales revenue for the period reached $740m.

Sri Trang Gloves (Thailand) reported a net profit of $29.46m (THB995.3m) for FY24, marking a 551.9% year-on-year increase.

In the fourth quarter of 2024, the company posted a net profit of $16.48m (THB556.7m), reversing the previous quarter's loss and achieving a net profit margin of 8.2%.

Sales revenue for FY24 reached $740m (THB25,002.1m), a 27.1% YoY increase driven by higher sales volume and prices.

Meanwhil, Q4 revenue was $200.5m (THB 6,773.0m), up 5.1% quarter-on-quarter due to increased sales volume.

The board of directors has approved a dividend of $0.0148 per share (THB 0.50), to be paid from retained earnings, pending shareholder approval at the 2025 Annual General Meeting.

Follow the link for more news on

Sri Trang Gloves

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia