NER’s 2018 Profit Skyrockets 117% from Lower Cost, Proposing ฿0.13 Dividend, XD May 7

NER has announced its first financial statement after entering the market in November. The company shows a 117% growth of profit, while giving ฿0.13/share dividend payment.

Northeast Rubber Public Company Limited (NER) has reported a consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as follows:

NER’s income in 2018 was ฿10,084 million, increased ฿212 million when compared to ฿9,872 million of income in 2017. A Total of 10,056 baht or 99.72% from NER’s income were from sales, while 6,647.49 million baht or 65.92% that NER booked as income amounted from a domestic sale.

The profit in 2018 was ฿486.46 million, increased ฿262.34 million or 117.05% compared to ฿224.12 million of profit in 2018. The reason for this high jump in profit was due to an efficient management and the decrease in cost of raw material.

The Board of Directors has also resolved a resolution to propose a dividend payment of ฿0.13/share on May 16, 2019. The ex-dividend date is May 7, 2019.