However, earnings in the same period, while up 147% to $7.7 million, missed expectations, due to higher-than-expected depreciation expenses.
Analysts have maintained their bearish views on Nanofilm Technologies International (SGX:MZH
) after the company's most recent earnings missed most of their expectations.
For its FY2024, the company, which provides coating services for both consumer and industrial products, reported higher revenue of $204.3 million, which was a gain of 15% over the preceding year ended Dec 31 2023. The increase could be attributed to new customers placing new orders in a seasonal peak period. Contributions from a recent acquisition helped lift the topline as well.
