MegaChem Ltd - 2H16 results update
FY17 growth drivers already in place
MegaChem's FY16 results were better than expected with 2H16 PATMI exceeding our forecasts by 25%. The strong performance came about despite revenue dropping by 8.5% year-on-year in 2H16 as gross margin expected to 25.7% in 2H16, thus adding S$0.3m to gross profit. Looking ahead, we expect MegaChem to maintain growth in as lower impairment of receivables and write-off of inventory will add towards margins in 2017.
Access to this Web site is granted by NRA Capital Pte. Ltd. strictly on the terms
and subject to the conditions set out hereunder. By entering into the Web Site,
Subscriber is deemed to have accepted and agreed to be bound by the
terms and conditions
set out hereunder.