Financial Analysis of Sri Trang Gloves (Thailand) Public Company Limited – Net Profit Details

Business Description

Sri Trang Gloves (Thailand) Public Company Limited, along with its subsidiaries, is primarily engaged in the manufacturing and distribution of gloves. Their business operations cover various segments, including the production of latex, nitrile, and hybrid gloves. The company operates on a global scale, with a significant presence in both domestic and international markets.

Industry Position

The company holds a strong position within the gloves manufacturing industry, which is highly competitive. Key competitors include companies like Top Glove, Hartalega, and Kossan Rubber Industries. Sri Trang Gloves has a notable market share due to its extensive product range and global distribution network.

Revenue Streams and Customer Base

Sri Trang Gloves generates revenue primarily through the sale of medical and industrial gloves. Their customer base includes hospitals, healthcare institutions, food processing companies, and industrial clients. The company’s supply chain is robust, with a focus on maintaining high-quality raw materials and efficient production processes.

Financial Statement Analysis

Income Statement

The report does not provide specific net profit growth or decline details. However, the company’s revenue streams and the overall financial performance are critical factors for investors to consider.

Balance Sheet

The consolidated statement of financial position as of 30 September 2024 indicates a stable financial standing, with assets and liabilities managed effectively. Detailed figures are not provided in the report.

Cash Flow Statement

The consolidated statement of cash flows for the nine-month period ended 30 September 2024 reflects the company’s cash management practices. Specific cash flow details are not provided in the report.

Key Findings

• The company’s interim financial information is prepared in accordance with Thai Accounting Standard 34 Interim Financial Reporting.
• Based on the review, nothing has come to the auditor’s attention that causes concern about the interim financial information.

Report Date and Financial Year

The report is dated 8 November 2024 and covers the financial information for the three-month and nine-month periods ended 30 September 2024.

Recommendations

For Current Investors

If you are currently holding the stock, it is recommended to continue holding it. The company’s stable position in the industry and robust supply chain are positive indicators. However, closely monitor any upcoming detailed financial statements for specific net profit figures and cash flow details.

For Potential Investors

If you are not currently holding the stock, consider investing after reviewing the company’s detailed annual financial statements for the full fiscal year. This will provide a clearer picture of profitability and cash flow management.

Disclaimer

The recommendations provided are based on the limited information available in the report. Investors should consider seeking additional information and professional advice before making any investment decisions.