Plastic products maker Vicplas FY loss widens on higher raw material, labor costs

By Reuters News


Overview

  • Singapore plastic products maker's full-year revenue rose 10% yr/yr to S$127.3 mln

  • Company reported full-year net loss of S$5.1 mln, widened from prior year

  • Adjusted EBITDA for the year declined 19.6% yr/yr


Outlook

  • Company did not provide specific financial guidance or outlook in the interim financial statements


Result Drivers

  • HIGHER COSTS - Increased raw material, consumables, and employee expenses contributed to wider net loss

  • PIPES DEMAND AND VOLUMES – Pipes and fittings revenue rose 25.0% to S$48.2 mln, supported by Singapore construction activity, Malaysia sales and higher production volumes

  • MEXICO RAMP-UP COSTS – Medical devices' loss widened to S$8.7 mln as Mexico incurred a full year of operating costs while projects ramped up, alongside higher input prices


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

S$127.30 mln

FY Net Loss

S$5.10 mln

FY Adjusted EBITDA

S$6.80 mln

FY Pretax Loss

S$4.50 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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