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Inoue Rubber scores profit

Inoue Rubber (Thailand) reported its consolidated net profit for its fiscal first quarter ending last December 31 was Bt85.39 million, or 43 satang per share, up 54.94 per cent from Bt55.11 million, or 28 satang per share, in the same period the previous year.

Published on February 9, 2008

The change was a result of net sales increasing Bt72.56 million, or 6.05 per cent, since the company began attempting to maintain its customer base and enhance competitiveness through product diversity and confidence in quality.

In addition, the production process was improved for maximum efficiency, in order to compensate for the price increases of raw materials.

In the company's fiscal first quarter, cost of sales increased 3.62 per cent and sales and administrative expenses 6.98 per cent year on year.

Interest expenses declined 71.88 per cent, while corporate income tax increased 55.93 per cent.

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Inoue Rubber scores profit

Inoue Rubber (Thailand) reported its consolidated net profit for its fiscal first quarter ending last December 31 was Bt85.39 million, or 43 satang per share, up 54.94 per cent from Bt55.11 million, or 28 satang per share, in the same period the previous year.

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