Full year 2021 earnings released: EPS S$0.04 (vs S$0.035 in FY 2020)
The company reported a solid full year result with improved earnings and profit margins, although revenues were flat.
Full year 2021 results:
- Revenue: S$181.3m (flat on FY 2020).
- Net income: S$88.2m (up 14% from FY 2020).
- Profit margin: 49% (up from 43% in FY 2020).
- Net asset value (NAV) per share: S$0.81 (flat on FY 2020). The current share price is 21% lower than NAV per share.
Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.