Sri Trang Agro reports $33.7m Q3 loss as demand softens
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Sri Trang Agro-Industry PCL reported a net loss of $33.7 million in Q3, reversing a profit of $20.7 million a year earlier, due to weak global rubber demand and prices. The loss widened 7% QoQ, with a net margin of -3.9%. EBITDA fell 76% to $18 million, and gross margin dropped to 4%. Operating expenses decreased by 16% YoY, but lower sales volumes offset savings. Profitability is expected to remain under pressure into early 2026 due to uncertainties in US and EU regulations affecting demand.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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