Earnings release
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MEDIA RELEASE OM HOLDINGS LIMITED ( ARBN 081 028 337 ) ( Malaysian Registration No. 202002000012 ( 995782 - P ) ) Incorporated in Bermuda M OM HOLDINGS LIMITED POSTS 65.5 % GROWTH IN 1H 2021 NET PROFIT only For personal use Global demand for ores and alloys boosts Company's financial performance 27 August 2021 - OM Holdings Limited ( " OMH " or the " Company " ) , a vertically integrated manganese ore and ferroalloy producer , today announced that the Company registered a 65.5 % rise in profit after tax ( " PAT " ) to A $ 23.5 million for the half - year ended 30 June 2021 ( " 1H 2021 " ) compared with PAT of A $ 14.2 million for the half - year ended 30 June 2020 ( " 1H 2020 " ) . For 1H 2021 , OMH recorded a 19.4 % rise in earnings before interest , tax , depreciation , and amortization ( " EBITDA " ) to A $ 63.4 million compared with EBITDA of A $ 53.1 million for 1H 2020. The Company's basic and diluted earnings per share stood at 2.36 cents for the period under review compared to 1.84 cents for 1H 2020 . Revenue for the period under review grew 16.6 % to A $ 450.6 million compared to A $ 386.5 million in 1H 2020 due to an increase in demand and significantly higher market prices resulting from the strong global recovery since the beginning of 2021 . As a result , the Company's gross profit margin increased to 18.9 % from 13.8 % in 1H 2020. Data from S & P Global Platts showed that ferrosilicon prices continued an upward trend from December 2020 to close at US $ 1,920 per metric tonne CIF Japan at the end of June 2021 while silicomanganese prices closed at US $ 1,545 per metric tonne CIF Japan at the end of June 2021 from US $ 1,280 per metric tonne at the end of March 2021 . Executive Chairman and Chief Executive Officer of OMH , Mr. Low Ngee Tong , said , “ Stronger global demand as well as the price rebound of ferrosilicon and silicomanganese helped boost the Company's financial performance in the first - half of the year . Given that sales in the current market environment are Singapore Office : 10 Eunos Road 8 , # 09-03A Singapore Post Centre , Singapore 408600 Tel : 65-6346 5515 Fax : 65-6342 2242 Email address : om@ommaterials.com Website : www.omholdingsltd.com Malaysian Registered Office : Unit 30-01 , Level 30 , Tower A Vertical Business Suite Avenue 3 Bangsar South , No.8 , Jalan Kerinchi 59200 Kuala Lumpur , Malaysia ASX Code : OMH | Bursa Code : OMH ( 5298 ) 1