AMBU, which accounts for 84% of the group’s revenue, saw a 26% y-o-y growth from higher consumer demand and contribution from Europ Coating Group.
IEBU revenue grew 117% y-o-y driven by project completions and revenue recognition. The nanofabrication business unit (NFBU) recorded 9% y-o-y growth, and syndrogen energy saw a 101% y-o-y increase in revenue from the Chinese market.
Nanofilm is expecting a ramp up of projects for the AMBU consumer segment in the next half of the year, and growth momentum for the AMBU industrial segment to continue on from demand across Southeast Asia, China and newly acquired German operations.
It is cautiously optimistic about its IEBU segment, and expects growth driven by increased allocations in existing programmes and preparations for new strategic programmes in NFBU segment.
Shares in Nanofilm closed flat at 75.5 cents on Aug 13.
