---
title: "Sri Trang Gloves posts 551.9% profit surge in FY24"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228619147.md"
description: "Sri Trang Gloves (Thailand) reported a net profit of $29.46 million for FY24, a 551.9% increase year-on-year, with sales revenue reaching $740 million. In Q4 2024, the company reversed a previous loss, posting a net profit of $16.48 million and achieving an 8.2% profit margin. Q4 revenue was $200.5 million, up 5.1% quarter-on-quarter. The board approved a dividend of $0.0148 per share, pending shareholder approval at the 2025 AGM."
datetime: "2025-02-18T02:16:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228619147.md)
  - [en](https://longbridge.com/en/news/228619147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228619147.md)
generator: "portal-rs"
---

# 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.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**