NRF Expects a 20% Growth in the Next 3 Years to Reach Target Revenue at THB3,000Mn

Mr. Dan Pathomvanich, CEO of NR Instant Produce Public Company Limited (NRF), stated that the earnings will continue to expand throughout the next three years at a CAGR of 20%. NRF will focus on growth by digitalization and innovation through an online platform to reach its target revenue at 3,000 million baht in 2024.

 

The aforementioned growth has yet to include any M&A deal that NRF is negotiating with various partners. The company planned a budget for investment in 2021 at 150 million baht, which would be utilized in its existing three factories.

 

As of September 30, 2020, the company recorded 971 million baht of its revenue in the first nine months, increased 18.4% from the same period last year. The net profit was 167 million baht, increased 40.3% from last year. In this regard, the company is confident that the revenue this year will top its previous year’s record, which was 1,111 million baht.