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Nanofilm Technologies reports 2HFY2021 earnings of $44.3 million, up 145% over 1HFY2021

The Edge Singapore
The Edge Singapore • 2 min read
Nanofilm Technologies reports 2HFY2021 earnings of $44.3 million, up 145% over 1HFY2021
Net margins improved from 19% for 1HFY2021 to 30% in 2HFY2021
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Nanofilm Technologies International has reported 2HFY2021 earnings of $44.3 million, up 13.2% y-o-y. Revenue in the same period was up 6.8% to $150.1 million.

Earnings for the whole of FY2021 was up 8% to $62.2 million, on revenue of $246.7 million, up 13%.

Compared to 1HFY2021, earnings improved by 145% h-o-h, while revenue was up 55% y-o-y, due to better net margins of 30% for 2HFY2021 versus 19% for 1HFY2021.

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