North East Rubber Public Company Limited (SET: NER) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
1,850.19 | 858.68 |
| Earning Per Share (Baht) | 1.1300 | 0.5550 |
| % Change | 115.47 | |
NER reported a net profit of 1,580 million baht in 2021, increased 115% from a net profit of 858 million baht in 2020.
For the operating result for the year 2021 ended December 31, 2021 compared with the same period of the previous year, revenue from sales was 24,425.56 million baht, increased by 8,075.88 million baht or 49.39% YoY. From Domestic sales of 15,182.94 million baht or 62.16 % of total sales, an increase of 4,595.28 million baht or 43.40% YoY, Export sales revenue 9,242.72 million baht or 37.84 % of total sales, an increase of 3,480.60 million baht or 60.40 % YoY.
The increase in sales revenue in 2021 is due to the Company’s expansion of production capacity and receiving more customer orders both domestic and international. The increase in revenue was due to factors in terms of sales volume and higher selling prices. Divided into an increase in quantity difference at 4,267.49 million baht and an increase in price difference at 3,808.39 million baht.
When comparing the cost of sales in 2021 with 2020, the company’s cost of sales in 2021 decreased from 89.44% to 86.75 percent, or 2.69% of sales revenue. As a result, the company’s gross profit margin increased by 1,509.13 million baht, or gross profit increased by 87.43%, representing an increase in gross profit margin from 10.56% in 2020 to 13.25% in 2021.
In addition, the Board of Directors approved a dividend payment of THB0.36 per share to be paid on 6 May 2022. The ex-dividend date is 19 April 2022.
