Nanofilm posts record financial performance for FY20 in inaugural financial report since IPO

Nanofilm, which became Singapore’s biggest IPO in 2020, posted a “record financial performance” for FY2020 ended December, according to its release on Feb 26. 

The tech company saw earnings for the FY2020 increase 61.1% y-o-y to $57.6 million.

FY2020 revenue increased by 52.8% y-o-y to $218.3 million, as compared to $142.9 million a year ago, driven by its Advanced Materials and Nanofabrication Business Units.