Nanofilm Technologies (SGX:MZH) registered strong growth during the third quarter of the year, with revenue up 10% year over year to SG$60 million, according to a filing with the Singapore Exchange on Monday.
Revenue growth was driven by strong performance from the company's consumer business segments, led by the Advanced Materials Business Unit and Nanofabrication Business Unit (NFBU) with the former growing 11% year over year.
NFBU grew 8% year over year, mainly due to a higher allocation for micro-lens array project that has been adopted in various smart wearables.
The company expects lower infrastructure related capital expenditure for the full year.
Shares of the engineering services company were up over 4% in recent trading.
Price (SGD): S$0.86, Change: S$+0.035, Percent Change: +4.24%
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