Nanofilm Technologies International Ltd. (SG:MZH) has released an update.
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Nanofilm Technologies International Ltd. experienced a robust 19% year-over-year revenue growth in 1Q2024, largely attributed to the consumer business recovery. The Advanced Materials Business Unit led the surge with significant gains in the 3C and automotive sectors, while the recent AxynTeC acquisition synergized to bolster industrial segment sales. Despite a dip in the Industrial Equipment Business Unit, overall operational performance was bolstered by cost optimization and an improved gross profit margin of 33%.
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