NRF Net Income Reaches THB221 Million in 2021, Up 78% YoY

NR Instant Produce Public Company Limited (SET: NRF) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
220.783 124.391
Earning Per Share (Baht) 0.16 0.11
% Change 78.0

 

NRF recorded a net profit of THB221 million in 2021, up 78.0 percent from THB124 million in 2020. Consolidated total revenue of THB2,100 million, increased by THB692 million or 49.1% from 2020 mainly from revenue consolidated from E-commerce business, City Food and capital gain from partial divestment of GTH.

Ethnic and Specialty Food: increase in revenue from existing customers in all product categories and all region except Asia, as well as higher revenue from City Food and Botany Petcare (Pet food business) consolidation

Plant-based Food: decrease in revenue of konjac products from major customers

Functional Product: revenue from sales of V-shape equipment.

E-commerce: increase in revenue consolidated from BOOSTED NRF Corp., which includes sales from products under Prime Labs, SOL Trading, and WellPath as well as from Indeem Group.

Other income: increased from gain on changes in value of financial assets designated at fair value through profit or loss and capital gain from partial divestment of GTH.

 

In addition, the Board of Directors approved a dividend payment from the fiscal year 2021 at the rate of THB0.041 per share. The Ex-dividend date (XD) is set for 28 April 2022. The payment of the interim dividend will be made on 20 May 2022.