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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
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