Northeast Rubber General Company Limited or see The operating results report for the year 2023 (ending December 31, 2023) includes net profits as follows:
The company announced operating results for the year 2023, with a net profit of 1,545.60 million baht, a decrease of 11% compared to the same period last year, with a net profit of 1,748.10 million baht.
As for the operating results for 2023 compared to 2022, the sales volume reached 497,053 tons, an increase of 50,963 tons, or 11.42 percent. It represented a total sales revenue of 25,045.17 million baht, a decrease of 126.89 million baht, or a decrease of 0.50 percent, divided into domestic sales revenue of 16,259.49 million baht, or 64.92 percent of total sales, a decrease of 442.66 million baht. It decreased by 2.65 percent, and overseas sales revenue reached 8,785.68 million baht, or 35.08 percent of total sales, an increase of 315.77 million baht, or an increase of 3.73 percent.
Meanwhile, the decline in sales revenue in 2023 is due to the situation of lower rubber prices. Compared with 2022, the average selling price of rubber products in 2023 decreased by 10.71 percent, with lower income. Divided into spreads that decreased. It amounted to 3,003.90 million baht, divided into a larger size difference of 2,875.43 million baht.
In 2023, the company's sales cost reached 22,231.93 million baht, or 88.77 percent of sales revenue. Divided into the cost of raw materials and consumables, it amounted to 21,410.11 million baht, accounting for 85.49 percent of sales revenue. Compared to 2022, costs increased by 0.91 percent, with the company's raw material costs increasing due to rubber price fluctuations in 2023. It has a direct impact on the ratio of rubber raw material costs compared to income as costs rise. By looking at tire purchasing information and the average selling price of the company's tires.
The labor cost in 2023 is 177.76 million baht, representing 0.71 percent compared to 2022. Costs increased by 22.43 million baht, or 0.09 percent of sales revenue. This occurs because wages are paid according to the increase in the volume of production.
In addition, production expenses amounted to 460.59 million baht, accounting for 1.84% of sales revenue. Compared to 2022, production costs increased by 94.10 million baht, or an increase of 0.38 percent, due to higher energy prices, which affected production costs in LPG. Fuel and electricity costs are cost increases associated with increased production volume.
In addition to the Board of Directors meeting, it was decided to distribute dividends in cash at 0.29 baht per share, and set the date for non-receipt of dividend rights (XD) on April 22, 2024 and dividend payment on May 9, 2024.
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