Nanofilm shares jump as much as 21.6% on increased revenue, profit margin
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Nanofilm Technologies International saw its shares rise by 21.6% following a strong business update, with revenue increasing 24% year-on-year to S$55 million. The company reported improved profit margins, with a gross profit margin of 39% and an EBITDA margin of 26%. The growth was primarily driven by consumer advanced materials, which accounted for 89% of revenue, while industrial equipment and nanofabrication units also showed significant growth. However, revenue from Sydrogen Energy declined by 8%.
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