Sri Trang Gloves (Thailand) Reports Higher Profit in Q1

MT Newswires
14 May

Sri Trang Gloves (Thailand)'s (SGX:STG, BKK:STGT) profit for the first quarter of the year rose to 424.2 million baht, from 146.8 million baht a year earlier, according to a Tuesday filing with the Singapore Exchange.

Attributable earnings per share rose to 0.15 baht compared with 0.05 baht in the comparable period.

Gross profit increased to 849.3 million baht from 510.5 million baht, mainly due to adjustment of selling prices.

Shares of the company were up over 1% in recent trading on both bourses.

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