<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 在第三季度報告淨虧損 1.06 億泰銖，較去年同期的 8650 萬泰銖有所增加，主要由於減值準備和衍生品損失。儘管銷售量增長了 4.9%，但收入仍下降了 5.6%，降至 61 億泰銖。由於行業競爭和貨幣波動，平均售價下降了 8.6%。在前九個月，盈利為 3.953 億泰銖，下降了 9.9%，而收入則增長了 2.2%，達到 186 億泰銖。利息覆蓋率從上一季度的 11.74 倍降至 9.92 倍</p>

由於減值和衍生品損失，Sri Trang Gloves 第三季度的虧損擴大至 1.06 億泰銖