Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses

Sri Trang Gloves reported a net loss of 106 million baht for Q3, up from 86.5 million baht a year earlier, primarily due to impairment allowances and derivative losses. Revenue fell 5.6% to 6.1 billion baht despite a 4.9% increase in sales volume. The average selling price dropped 8.6% amid industry competition and currency fluctuations. For the first nine months, earnings were 395.3 million baht, a 9.9% decline, while revenue improved by 2.2% to 18.6 billion baht. The interest coverage ratio decreased to 9.92 times from 11.74 times in the previous quarter.