Nanofilm's PATMI plummets to $3m in FY23

With the decline, the company recorded a lower EPS of 0.48 cents.

Nanofilm Technologies reported a profit after tax and minority interests (PATMI) of $3m in FY23, a 93% decrease from FY2022's $43.8m record.

In the same period, the company recorded a profit attributable to equity holders of $3.1m, reflecting a decline from the $43.8m profit in FY22.

The group's revenue for FY23 also declined by 25% YoY to $177m.

Recovery in the consumer segment within the Advanced Materials Business Unit (AMBU) and Nanofilm Business Unit, alongside growth in the Industrial segment within AMBU, offset the larger decline in the Industrial Equipment Business Unit (IEBU). 

With the decline in profit, the company recorded a lower basic earnings per share of 0.48 cents in FY23. 

For FY23, the company declared a final dividend of 0.33 cents per ordinary share.