A Decline in Sales Revenues Causes NER’s 1Q20 Profit to Slump by 41%
A Decline in Sales Revenues Causes NER’s 1Q20 Profit to Slump by 41%
Northeast Rubber Public Company Limited (NER) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
NER reported a net profit of 59.89 million baht in 1Q20, decreased 40.66% when compared to a net profit of 100.93 million baht in 1Q19 mainly due to a decline in sales income.
The revenue from sales was 2,954.36 million baht, decreased by 83.92 million baht or 2.76% YoY. From domestic sales of 1,466.34 million baht or 49.63 %of total sales, decreased of 375.45 million baht or 20.39 % YoY, export sales revenue 1,488.02 million baht or 50.37 % of total sales, an increase of 291.53 million baht or 24.37 % YoY.
