<div id="readability-page-1"><div><p>[SINGAPORE]  Sri Trang Gloves’  net loss for the third quarter ended September widened to 106 million baht (S$4.3 million) from 86.5 million baht for the corresponding period in 2024, as the allowance for impairment of buildings and machinery and losses on financial derivatives weighed on profitability.</p><p>Excluding the allowance and losses on financial derivatives, it would have recorded a pre-tax operating loss of 500,000 baht, the glove maker said in a bourse filing on Friday (Nov 7). </p><p>The allowance was made in line with the company’s plan to replace machinery that is no longer used with new assets and technologies to enhance production efficiency and reduce costs.</p><p>The steeper net loss came as its top line decreased 5.6 per cent year on year to 6.1 billion baht, even as sales volume rose by 4.9 per cent to more than 10 billion gloves.</p><p>The average selling price, however, dropped 8.6 per cent on the year due to intense competition in the industry and the appreciation of the baht against the US dollar by 7.2 per cent.</p><p>For the nine months, however, the glove maker managed to turn in earnings of 395.3 million baht – 9.9 per cent lower than in the year-ago period. With a 2.2 per cent improvement, revenue reached 18.6 billion baht.</p><p>Interest coverage ratio in Q3 was 9.92 times, down from 11.74 times in the previous quarter, mainly due to a decline in earnings before interest, tax, depreciation and amortisation. </p><p>Shares of Sri Trang Gloves were flat at S$0.395 on Friday, before this announcement.</p></div></div>

<p>Sri Trang Gloves 在第三季度报告净亏损 1.06 亿泰铢，较去年同期的 8650 万泰铢有所增加，主要由于减值准备和衍生品损失。尽管销售量增长了 4.9%，但收入仍下降了 5.6%，降至 61 亿泰铢。由于行业竞争和货币波动，平均售价下降了 8.6%。在前九个月，盈利为 3.953 亿泰铢，下降了 9.9%，而收入则增长了 2.2%，达到 186 亿泰铢。利息覆盖率从上一季度的 11.74 倍降至 9.92 倍</p>

由于减值和衍生品损失，Sri Trang Gloves 第三季度的亏损扩大至 1.06 亿泰铢