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Megachem 1HFY2022 earnings up 18% on higher sales

The Edge Singapore
The Edge Singapore • 2 min read
Megachem 1HFY2022 earnings up 18% on higher sales
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Chemicals distributor Megachem has reported earnings of $4.5 million for 1HFY2022, up 18% y-o-y. Revenue, meanwhile, was up 14.1% to $75.2 million.

The company plans to pay an interim dividend of 0.8 cent per share.

“Despite all the uncertainties in the first half of 2022, we delivered record high half year revenue and continued to expand in our growth markets,” says managing director Sidney Chew.

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