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NAFCO's Q2 Business Stabilizes with Global Shipping Rebound
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2022-08-18
Aerospace fastener manufacturer NAFCO stabilizes business in the first half year as global shipping continues to rebound. The company saw a rebound in profit margin, operating profit margin and net profit margin after tax. The EPS stood at NTD 0.94, a record high in the last 9 quarters.
NAFCO's shipment and revenue dipped low in April as a result of China's Covid lockdown, but work resumed in the company's factories in May and June. Despite a delay in shipment, NAFCO's revenue gained 17% quarter on quarter and 59.8% over the same quarter last year, landing at NTD 497 million, a new quarterly record since 2020.
With its increased revenue, NAFCO had a gross margin of 22.07％ and operating profit margin of 5.13％. The net profit margin after tax reached NTD 49.59 million, upping net profit margin to 9.98％.
NAFCO
Q2 business
豐達科
第二季營運
