Nanofilm achieved 24.2% revenue growth to S$96.6 million for 1H2021

$Nanofilm (MZH.SG)$ Increase in revenue for 1H2021 led by Advanced Materials Business Unit and
Industrial Equipment Business Unit despite global chip shortage that was
severe in 1H2021
1H2021 had incurred costs associated with the new Shanghai Plant 2 and
equipment qualification costs, as well as higher new product introduction
costs involving new projects yet to contribute meaningfully to the Group’s
top line
As a result of such costs incurred, adjusted EBITDA was flat at S$33.2 million
and Net Profit After Tax was 2.3% lower at S$18.1 million
Strong balance sheet, with a net cash balance of S$188.9 million, well
positioned to fund growth opportunities
Aggressively building up revenue pipeline, with multiple strategic projects
currently under development to take shape in 2H2021 and beyond
Board recommends interim dividend of one Singapore cent per share