As of 11:10 local time in Thailand, the share price of Sri Trang Agro-Industry Public Company Limited (STA) rose ฿1.25/share or 4.24% to ฿30.75/share, with a trading value of 379 million baht.
The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) rose ฿2.00/share or 7.55% to ฿28.50/share, with a trading value of 611 million baht.
An increase in the share price of STA and STGT today (November 9) comes after both companies reported strong earnings in the third quarter and nine months of this year.
STA reported a net profit of 3,230 million baht in 3Q21, an increase of 55% YoY with a gross profit margin of 28.6% and a net profit margin of 11.3%, and a net profit of 14.2 billion baht in 9M21, an increase of 253% YoY. The increase in net profit was mainly due to higher revenue during the period that grew 72.7% YoY to stand at 28,486 million baht. The natural rubber (NR) operations continued to see robust growth, which accounted for 62.0% of total revenue. STA recorded revenue from this business of 17,665.6 million baht in 3Q21. In addition, STA’s Board of Directors approved an interim dividend of 1.25 baht per share to be paid on December 8, 2021. The ex-dividend date will be on November 19, 2021.
Meanwhile, STGT reported a net profit of 4,532 million baht in 3Q21, increasing 2.97% when compared to a net profit of 4,401 million baht in 3Q20 with a net profit margin of 41.7%, and a net profit of 21.8 billion baht in 9M21, increasing 272% when compared to a net profit of 5.9 billion baht in 9M20. STGT’s Board of Directors has approved a quarterly dividend of 1.25 baht per share in 3Q21. The ex-dividend date will be November 19, 2021 and payment will be made on December 7, 2021.