First half 2021 earnings released: EPS S$0.014 (vs S$0.005 in 1H 2020)
The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker.First half 2021 results:
- Revenue: S$39.1m (down 6.4% from 1H 2020).
- Net income: S$26.8m (up 202% from 1H 2020).
- Profit margin: 69% (up from 21% in 1H 2020).
Over the last 3 years on average, the company’s share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.