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Megachem reports 2HFY2021 earnings of $4 mil, up 64.5% y-o-y

The Edge Singapore
The Edge Singapore 2/21/2022 08:19 PM GMT+08  • 1 min read
Megachem reports 2HFY2021 earnings of $4 mil, up 64.5% y-o-y
The company plans to pay a final dividend of 1.2 cents per share, bringing FY2021 total to two cents
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Chemicals company Megachem has reported earnings of $4 million for 2HFY2021 ended Dec 2021, up 64.5% y-o-y. Revenue in the same period was up 37.1% y-o-y to $73 million.

For the whole of FY2021, earnings grew by 51.4% y-o-y to $7.76 million, on the back of 32% increase in revenue to $138.9 million.

The company attributes the higher numbers to both a higher volume of chemicals sold, as well as higher selling prices.

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