North East Rubber Public Company Limited (SET: NER) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
360.78 | 312.27 |
| Earning Per Share (Baht) |
0.1953 | 0.1690 |
| % Change | 15.54 | |
| 9 Months | 9M24 | 9M23 |
| Net Profit (Loss) Million Baht |
1,293.15 | 1,083.86 |
| Earning Per Share (Baht) | 0.70 | 0.59 |
| % Change | 19.31 | |
NER reported a net profit of 360.78 million baht in 3Q24, an increase by 15% from the same period of last year.
The sales volume in the third quarter was 98,006 tons, a decrease of 14,420 tons or 12.83%. This resulted in total sales revenue of 6,163.35 million baht, a decrease of 535.43 million baht or 9.51%.
Domestic sales revenue was 4,356.80 million baht, accounting for 70.69% of total sales, an increase of 320.89 million baht or 7.95%. International sales revenue was 1,806.56 million baht, accounting for 29.31% of total sales, an increase of 214.55 million baht or 13.48%. The increase in sales revenue was due to a price increase of 1,256.96 million baht and a volume decrease of 721.77 million baht.
Cost of sales in Q3/2024 compared to Q3/2023 increased from 88.78% to 89.23%, or an increase of 0.45% of sales revenue. This resulted in a decrease in the company’s gross profit by 74.12 million baht, or a decrease in gross profit margin by 0.45%.
Gains from exchange rates amounted to 42.36 million baht, an increase of 79.61 million baht or 213.71%. Meanwhile, gains from the valuation of derivatives were 97.20 million baht, an increase of 88.01 million baht compared to the same period last year.
