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Home / News / Leadership

Nanofilm not looking for COO replacement; eyes better second half

Leadership

Nanofilm not looking for COO replacement; eyes better second half

Lim Hui Jie Published on Mon, Aug 16, 2021 / 12:32 PM GMT+8 / Updated 2 days ago

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Nanofilm Technologies International’s share price plunged by as much as a third at the start of trading this morning, following a weaker than expected earnings reported for its 1HFY2021, that missed analysts’ expectations “by a mile”.

For the six months ended June 30, the company, one of the hottest IPOs last year, recorded earnings of $18 million, down 3.1% y-o-y, and is barely a fifth of consensus full year forecast of $85 million.

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