NER Reports 6-Month Earnings of THB851 Million with Good Rubber-Price Direction

Northeast Rubber Public Company Limited (SET: NER) hsa announced its consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
382.20 438.84
Earning Per Share
0.2130 0.2830
% Change -12.91
6 Months 2022 2021
Net Profit (Loss)
Million Baht
851.09 805.34
Earning Per Share (Baht) 0.4790 0.5200
% Change 5.68

For the 6-month period of 2022, the company had a net profit of 851.09 million baht or a net profit margin of 7.83% of total sales. Compared to the 6-month period of 2021, the net profit margin was 7.16%. An increase in net profit of 45.75 million baht or 5.68% was due to the rubber price situation in 2Q22 has a good direction.

Operating results for the second quarter of 2022 for the six-month period ended June 30, 2022, compared to the same period of the previous year, sales volume was 184,748 tons, a decrease of 10.30%.

Total sales revenue was 10,864.82 million baht, a decrease of 387.82 million baht or 3.45%, divided into domestic sales revenue of 7,565.19 million baht or accounted for 69.63% of total sales, a decrease of 0.05%. Overseas sales were 3,299.63 million baht or accounted for 30.37% of total sales, a decrease of 10.43%.

Other income was 3.30 million baht, a decrease of 25.31 million baht because, in the first quarter of 2021, the company received compensation from insurance claims for accidental fires at raw material storage in September 2020 in the amount of 24.05 million baht.