NER’s 1Q21 Earnings Skyrocket 512% from Higher Sales Volume and Revenues
NER reported a jumping net profit by more than 510% in 1Q21, recording 366 million baht as sales volume and revenue edged higher.
North East Rubber Public Company Limited (NER) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
NER reported a net profit of 366 million baht in 1Q21, increased 511.91% compared to a net profit of 59.89 million baht in 1Q20. The increase was mainly due to NER’s higher sales volume and revenue from sales.
The sales volume in 1Q21 was 89,741 tons, an increase of 25,713 tons or 40.16%. Revenue from sales was 4,963.09 million baht, increased by 2,008.73 million baht or 67.99% YoY. Domestic sales was 3,455.06 million baht, representing 69.62% of total sales, increased 1,988.72 million baht or 135.62% YoY. Meanwhile, export sales revenue was 1,508.03 million baht, representing 30.38% of total sales, increased 20.01 million baht or 1.34% YoY.
