North East Rubber Public Company Limited (SET: NER) has released its management discussion and analysis for the year ended December 31, 2024, offering insights into its financial performance. The company experienced both positive and negative factors influencing its profit, loss, and revenue.
| Year | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
1,652.47 | 1,545.60 |
| Earning Per Share (Baht) |
0.8943 | 0.8365 |
| % Change | 6.91 | |
Net profit in 2024 increased by 6.91 percent, reaching 1,652.47 million baht, with a net profit margin of 6.02 percent of total sales revenue.
Total sales revenue increased by 9.60 percent, amounting to 27,448.33 million baht, compared to 25,045.17 million baht in 2023. Meanwhile, local sales saw a substantial increase of 25.99 percent, reaching 20,485.06 million baht. However, export sales decreased by 20.74 percent to 6,963.28 million baht. The sales volume decreased by 11.64 percent, with 439,179 tons sold in 2024 compared to 497,053 tons in 2023
The increase in sales revenue is attributed to rising rubber prices, with the average selling price of rubber products increasing by 24.04 percent in 2024. This price difference accounted for an increase of 5,320 million baht, while a decrease in volume led to a reduction of 2,915.58 million baht.
The company recorded a gain on the exchange rate of 28.60 million baht, a significant increase of 162.98 percent compared to a loss in 2023. This is attributed to better exchange rate risk management using forward foreign currency sales contracts.
