Nanofilm Technologies captures $7.6m net loss in 1H23

The company attributed its loss to a softer consumer electronics market.

Due to lower sales amidst a softer consumer electronic market, Nanofilm Technologies recorded a $7.6m loss in 1H23.

The company’s PAT attributable to equity holders (PATMI) fell 140.7% YoY during the period.

In a bourse filing, the company also reported declines in its revenue (-34.4% YoY to $73.2m) and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) (-72.4% YoY to $10.4m).

Given the decline in its PATMI, Nanofilm Technologies proposed an interim dividend of 0.33 Singapore cents per ordinary share.

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