NANOFILM Technologies reported a 6.5 per cent increase in net profit in the second half ended Dec 31, 2024, to S$11.5 million, from S$10.8 million, the nanotechnology solutions provider said in a bourse filing on Tuesday (Feb 25).
Revenue in the second half rose 17.1 per cent to S$121.6 million, from S$103.9 million in the year-ago period.
The group said: “The recovery trend continued in the second half of 2024, driven by typical peak production period as well as ongoing innovation and expansion initiatives. These strategies not only enabled the group to overcome challenges but also set a strong foundation for future growth.”
Earnings per share came in at S$0.0175, an increase from S$0.0165 in the corresponding period in the prior year.
For the full year, Nanofilm’s revenue came in at S$204.3 million, 15.4 per cent higher than the S$177 million recorded in the year before.
“This growth was primarily driven by the consumer and industrial segments within the advanced materials business unit, which remained the key revenue contributor,” Nanofilm Technologies said.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Net profit for the 12 months ended Dec 31 stood at S$7.7 million, more than double that of FY2023’s S$3.1 million.
It said that it expects lower capital expenditures in infrastructure-related investments in FY2025, other than strategic additions of coating equipment to support the expansion initiatives in Southern China and Germany, as well as coating equipment for the NTI-NTU Corporate Laboratory – a collaboration between the company and the Nanyang Technological University.
The group declared a final dividend of S$0.0033 to be paid on May 20, unchanged from the previous year.
The counter closed down 0.7 per cent or S$0.005 at S$0.70 on Tuesday, before the announcement.
Copyright SPH Media. All rights reserved.
