NER’s 2020 Profit Soars 60% to ฿858Mn, Offering a Bt0.15 Dividend Payment

North East Rubber Public Company Limited (NER) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

NER reported a net profit of 858 million baht in 2020, increased 59.34% from a net profit of 538 million baht in 2019. The increase in net profit was mainly due to an increase in sales volume.

For the operating result for the year 2020 ended December 31, 2020 compared with the same period of the previous year, revenue from sales was 16,349.78 million baht, increased by 3,344.28 million baht or 25.71% YoY From Domestic sales of 10,587.66 million baht or 64.76 % of total sales, an increase of 2,143.88 million baht or 25.39% YoY. Meanwhile, export sales revenue was 5,762.12 million baht or 35.24 % of total sales, an increase of 1,200.40 million baht or 26.31 % YoY.

 

The Board of Directors of NER approved a resolution for a dividend payment of ฿0.15/share to be paid on May 7, 2021. The ex-dividend date is April 22, 2021.