Raw materials, subcontract cost and other direct costs were all higher as was staff cost. The group’s Ebitda increased to $42.9 million in FY2021, versus $27.9 million in FY2020. Both operating and free cash flow generation were strong, resulting in lower bank borrowings and reduced interest expense.
Pan-United closed Feb 21 at 36 cents, up 2.9% for the day and 4.41% year to date.
