Megachem Limited
Annual Report
2014
31
Operating and Financial Review
Variance
Variance
H2 2014 vs H1 2014 H2 2014 vs H2 2013
Profitability Highlights
H2 2014
H1 2014 H2 2013 H1 2013
Fav/
(Unfav)
% Fav/
(Unfav)
%
Sales (S$'mil)
60.3
55.6
56.8
51.9
4.7
8.4% 3.5
6.1%
Gross profit (S$'mil)
12.5
11.0
11.1
10.4
1.5
13.7% 1.3
12.1%
Gross profit margin
20.7%
19.7% 19.6% 20.1% 1.0% pts
na 1.1% pts
na
Total expenses and finance costs
(S$'mil)
10.7
10.0
10.1
9.5
(0.7)
(7.1%)
(0.6)
(5.4%)
Other operating income
(S$'000)
337
133
151
61
205
153.9% 186
123.1%
Share of profit of associated
companies (S$'000)
545
466
646
1,064
79
17.0% (101)
(15.6%)
Net profit before tax (S$'mil)
2.7
1.6
1.8
2.1
1.1
68.0% 0.9
49.1%
Net profit after tax (S$'mil)
2.1
1.1
1.3
1.5
0.9
79.5% 0.8
61.5%
Net profit after tax margin
3.4%
2.1% 2.2% 2.9% 1.3% pts
na 1.2% pts
na
EBITDA (S$'mil)
3.7
2.5
2.7
3.0
1.1
44.9% 1.0
36.0%
Earnings per share attributable
to the equity holders of the
Company (cents)
1.32
0.76
0.87
1.01
0.56
73.7% 0.45
51.7%
Annualised return on equity
(ROE)
8.4%
5.0% 5.7% 6.8% 3.4% pts
na 2.7% pts
na
Variance
FY 2014 vs FY 2013
Profitability Highlights
FY 2014
FY 2013
Fav/(Unfav)
%
Sales (S$’mil)
115.9
108.7
7.2
6.7%
Gross profit (S$’mil)
23.5
21.6
1.9
8.7%
Gross profit margin
20.2%
19.9% 0.3% pts
na
Total expenses and finance cost (S$’mil)
20.7
19.7
1.0
5.2%
Other operating income (S$’000)
470
212
258
122.0%
Share of profit of associated companies (S$’000)
1,011
1,710
(699)
(40.9%)
Net profit before tax (S$’mil)
4.3
3.9
0.4
10.6%
Net profit after tax (S$’mil)
3.2
2.8
0.4
14.6%
Net profit after tax margin
2.8%
2.6% 0.2% pts
na
EBITDA (S$’mil)
6.2
5.7
0.6
9.9%
Earnings per share attributable to
the equity holders of the Company (cents)
2.08
1.88
0.2
10.6%
Annualised return on equity (ROE)
6.6%
6.2% 0.4% pts
na
