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ND Rubber Q4 profit climbs 39.2% YOY

N.D. Rubber PCL said its normalized net income for the fourth quarter amounted to 4 satang per share, a decrease from 4 satang per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.2 million baht, a gain of 39.2% from 5.9 million baht in the year-earlier period.

The normalized profit margin climbed to 3.9% from 3.1% in the year-earlier period.

Total revenue grew 8.3% year over year to 207.4 million baht from 191.4 million baht, and total operating expenses grew 8.0% on an annual basis to 196.9 million baht from 182.3 million baht.

Reported net income grew 35.7% from the prior-year period to 9.4 million baht, or 4 satang per share, from 6.9 million baht, or 5 satang per share.

For the year, the company's normalized net income totaled 13 satang per share, a decline of 50.4% from 25 satang per share in the prior year.

Normalized net income was 26.8 million baht, a decline of 25.6% from 36.1 million baht in the prior year.

Full-year total revenue totaled 791.7 million baht, compared with 787.3 million baht in the prior year, and total operating expenses increased year over year to 746.1 million baht from 729.4 million baht.

The company said reported net income fell 25.1% on an annual basis to 34.2 million baht, or 16 satang per share, in the full year, from 45.7 million baht, or 32 satang per share.

As of Feb. 18, US$1 was equivalent to 35.59 baht.