NER’s 2Q Profit Rises 35% over Well-Managed Expenses and Increase Chinese Customers
NER’s 2Q Profit Increases 35% to ฿224M over Well-Managed Expenses and Higher in Orders from Chinese Customers.
North East Rubber Public Company Limited (NER) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
NER reported a net profit of 224 million baht in 2Q20, increased 35% compared to a net profit of 166 million baht in 2Q19. The increase in net profit for the period was mainly due to its well-managed expenses at 2,477 million baht in 2Q20, compared to the amount of 3,103 million baht in 2Q19.
In 2Q20, the proportion of sales revenue decreased as a result of the decrease in domestic purchase orders for rubber sheets and block rubber. However, due to the increase in orders from customers in China, the compound rubber has increased.
