Brief: Nanofilm Technologies International Sees Revenue Decline Of 34% To S$73 Million For 1H

Nanofilm Technologies International

10/07/2023 16:08

July 10 (Reuters) - Nanofilm Technologies International
Ltd  NANO.SI :
    * NANOFILM TECHNOLOGIES INTERNATIONAL LTD SEES  REVENUE
DECLINE OF
34% TO S$73 MILLION FOR 1H
    * NANOFILM TECHNOLOGIES INTERNATIONAL LTD SEES NET LOSS OF
APPROXIMATELY S$8 MILLION FOR 1H2023
    * NANOFILM TECHNOLOGIES INTERNATIONAL LTD SEES  WILL
CONTINUE TO
RECOGNISE A POSITIVE EBITDA FOR 1H
    * EXPECTED RESULTS DUE TO  REDUCTIONS IN CAPITAL EXPENDITURE
BY
CUSTOMERS DUE TO MORE CAUTIOUS MARKET SENTIMENT
    * EXPECTS GROUP TO BE PROFITABLE FOR FY2023
    * NANOFILM TECHNOLOGIES INTERNATIONAL LTD SEES  REVENUE FOR
2H TO
BE HIGHER THAN 1H
    * MID TO LONG-TERM PROSPECTS FOR GROUP REMAIN STRONG
    * RECOGNISES PRACTICALITY OF DEFERRING ATTAINING 2025
TARGETS OF
S$500 MILLION REVENUE AND S$100 MILLION PAT & MINORITY

Source text for Eikon:  ID:nSN6MBkJv 
Further company coverage:  NANO.SI 

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