HYPHENS PHARMA INTERNATIONAL LIMITED

Results Briefing 1H2021

18 AUGUST 2021

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FINANCIAL RESULTS

1.1FINANCIAL PERFORMANCE

Revenue (S$'m)

Profit After Tax (S$'m)

65.4

4.2

63.4

61.6

62.1

3.5

3.4

56.0

3.1

1.0

* Excl JSS

1.2INCOME STATEMENT

1H2021

1H2020

YoY

2H2020

HoH

S$'000

S$'000

%

S$'000

%

Revenue

65,376

61,640

6.1%

62,057

5.3%

Cost of sales

(40,624)

(40,535)

0.2%

(39,734)

2.2%

Gross profit

24,752

21,105

17.3%

22,323

10.9%

Other income and gains

348

1,457

-76.1%

1,079

-67.7%

Distribution & marketing

(14,271)

(12,373)

15.3%

(14,150)

0.9%

Administrative expenses

(5,234)

(4,716)

11.0%

(5,421)

-3.4%

Finance costs

(48)

(51)

-5.9%

(59)

-18.6%

Other losses

(317)

(273)

16.1%

(1,813)

-82.5%

Profit before tax

5,230

5,149

1.6%

1,959

167.0%

Income tax expense

(915)

(867)

5.5%

(78)

1073.1%

Profit, net of tax

4,315

4,282

0.8%

1,881

129.4%

1H2021 vs 1H2020

  • Revenue increased across all business segments and most geographical locations.
  • GPM rose to 37.9% in 1H2021 from 34.2% in 1H2020.
  • Decline in other income due to lower JSS.
  • Increase in distribution & marketing exp due to higher A&P.
  • Increase in admin exp due to higher R&D and staff costs.
  • Excl JSS, PAT increased significantly by 22.7% over the 2 periods.

PAT without JSS

4,185

3,410

22.7%

988 323.6%

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Hyphens Pharma International Ltd. published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 05:13:03 UTC.