NER Reports a 3Q Profit of ฿152Mn due to a Rising Volume of Block-Compound Rubber

Northeast Rubber Public Company Limited (NER) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

NER reported a net profit of 152 million baht in 3Q20, an increase of 3.22% YoY, due to a higher in sales revenue driven by a rising volume of orders for both domestic and foreign customers in terms of block rubber and compound rubber. 

For the operating result for 3Q20 ended September 30, 2020, revenue from sales was 4,336.79 million baht, increase by 1,280.01 million baht or 41.87% YoY. Domestic sales of 2,937.26 million baht or 67.73 % of total sales, increase of 983.15 million baht or 50.31 % YoY. 

 

Export sales revenue 1,399.53 million baht or 32.27% of total sales, an increase of 296.86 million baht or 26.92 % YoY. From the increased production volume of the STR factory project 2, resulting in increased sales volume by product when compared to the same period of the previous years.