PSC Corporation (DM0) H2 2023 earnings summary

Executive summary

• FY2023 net attributable profit rose 11.8% to S$21.8 million despite revenue declining 12.8% to S$482.1 million.

• Gross margin expanded 2.8 percentage points to 23.6%, supported by lower material costs in Packaging.

Financial highlights

• Revenue was S$482.1 million versus S$553.0 million in FY2022; gross profit was S$113.8 million, down 1.2% YoY.

• Net attributable profit margin increased to 4.5% from 3.5%; EPS rose 12.8% to 3.97 Singapore cents.

Outlook and guidance

• Focus remains on cost control, strengthening brand equity and customer engagement, and exploring growth opportunities.