, Singapore
Nanofilm

Nanofilm sees strong 1Q24 with 19% revenue increase

Increased contributions from tech and industrial segments drove higher revenue.

Nanofilm has recorded a 19% YoY higher revenue of $39m in 1Q24 due to robust growth in some of its business units.

The Computer, Communication, Consumer (3C) and Automotive segments, up 41% and 24%, respectively, drove revenue growth for the period. Other industrial segments also logged 21% growth.

Within the 3C segment, the smartphone sub-segment contributed the most revenue, at 44%.

“Nanofabrication Business Unit remained relatively stable in line with projects’ current production status, and Hydrogen continued its mass production for a key customer,” the company noted.

For 2024, Nanofilm projects the consumer segment to be the main driver of its revenue. 

“Other segments, in particular the industrial segment, present bright prospects due to our market expansion in Europe as well as Sydrogen’s (BPP coatings) production to cater to additional automotive customers,” it added. 

Nanofilm also said the continuous optimisation of cost structures coupled with lower capex will improve profitability. 

MORE LIKE THIS: Nanofilm's PATMI plummets to $3m in FY23

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.