Megachem Limited Annual Report 2015 31 H2 2015 vs H2 2014 Similarly, compared to the second half of 2014 (“H2 2014”), sales decline were led by America and ASEAN while overall sales to North Asia improved. FY 2015 vs FY 2014 Sales for the full year of 2015 (“FY 2015”) decreased by S$5.4 million or 4.6% to S$110.6 million as compared to full year of 2014 (“FY 2014”) led largely by fall in sales to America and ASEAN markets of S$6.3 million or 63.5% and S$1.9 million or 2.5% respectively. This was partially compensated by improvement in sales to North Asia and Middle East of S$2.7 million or 22.9% and S$0.4 million or 13.0% respectively. H2 2015 S$‘000 H1 2015 S$’000 H2 2014 S$’000 Distribution activity 51,202 55,892 58,533 (4,690) (8.4) (7,332) (12.5) Manufacturing activity 1,787 1,679 1,761 109 6.5 27 1.5 Total Sales 52,989 57,571 60,294 (4,582) (8.0) (7,305) (12.1) Variance Fav(Unfav) H2 2015 VS H1 2015 % Variance Fav(Unfav) H2 2015 VS H2 2014 % S$’000 S$’000 FY 2015 S$‘000 FY 2014 S$’000 S$’000 % Distribution activity 107,094 112,571 (5,477) (4.9) Manufacturing activity 3,466 3,353 113 3.4 Total Sales 110,560 115,924 (5,364) (4.6) Variance Fav(Unfav) H2 2015 vs H1 2015 H2 2015 vs H2 2014 Distribution segment remained as the main contributor to total sales but activities contracted in H2 2015 as compared to H1 2015 and H2 2014. Revenue from contract manufacturing increased by S$109,000 or 6.5% compared to H1 2015 as manufacturing activities were normally higher in the second half of the year but was relatively flat as compared to H2 2014. FY 2015 vs FY 2014 Sales from distribution segment decreased by S$5.5 million or 4.9% while revenue from manufacturing segment increased by S$0.1 million or 3.4%. Business Activity Segment Sales Breakdown
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