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HomeBusinessDouble A Sees 22.5% Profit Growth in First Nine Months of 2024

Double A Sees 22.5% Profit Growth in First Nine Months of 2024

Strategic cost control, currency management, and market expansion boost Double A’s revenue to 5.872 billion baht, strengthening growth.

Double A (1991) Public Company Limited reported financial results for Q3 2024, highlighting a revenue of 5.872 billion baht and a net profit of 645 million baht. For the first nine months, the company achieved a net profit of 1.809 billion baht, reflecting a 22.5% increase from last year’s 1.477 billion baht. This growth was driven by cost management, effective currency exchange strategies, and entry into markets like India and Australia, which boosted sales and profitability.

The company prioritizes sustainable practices in the paper industry, adopting clean energy solutions, modernized machinery, automation, and digital technology to improve efficiency. It aims to achieve net-zero greenhouse gas emissions. Additionally, 15 of its products have received Thailand’s Carbon Footprint Reduction (CFR) label, emphasizing its environmental commitment.

Double A continues to explore high-growth markets while focusing on R&D to develop innovative solutions addressing customer needs and environmental concerns. These initiatives reaffirm its position as a sustainable leader in the paper industry and support its stable growth ambitions.

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