First half 2021 earnings released: EPS US$0.036 (vs US$0.003 in 1H 2020)
The company reported a strong first half result with improved earnings, revenues and profit margins.First half 2021 results:
- Revenue: US$36.0m (up 61% from 1H 2020).
- Net income: US$12.6m (up US$11.4m from 1H 2020).
- Profit margin: 35% (up from 5.2% in 1H 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.