KUALA LUMPUR, MALAYSIA\u00a0–\u00a0Media OutReach<\/a>\u00a0–\u00a025 August 2021 –\u00a0<\/p>\n
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HIGHLIGHTS:<\/u><\/b><\/p>\n
Social commerce platform provider Netccentric Ltd<\/a>
Financial Highlights<\/b><\/p>\n
Netccentric achieved revenue of S$5.23 million in H1
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Gross profit rose 34% YoY to S$2.23
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Netccentric entered H2 FY2021 with
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The Group’s financial results reflect continuous
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For the detailed announcement, including ‘Strategic
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Netccentric closed trade at A$0.15 yesterday (24
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\nrevenue growth in the half year (“H1”) ended 30 June 2021, with revenue +60%
\nyear-on-year (YoY) to S$5.23 million (A$5.16 million), driven by growth across
\nthe Group’s business units<\/strong><\/li>\n
\nFY2021 EBITDA more than doubled YoY to S$0.19 million (A$0.19 million),
\nexcluding extraordinary expenses relating to the issue of options, M&A
\nactivities and forex movements<\/strong><\/li>\n
\n100% owned subsidiary, Nuffnang Malaysia, delivered a strong contribution to
\nthe H1 FY2021 results of S$2.51 million (A$2.48 million) with Q2 FY2021 revenue
\nof S$1.34 million (A$1.32 million), representing YoY growth of 65% and
\nquarter-on-quarter growth of 14%<\/strong><\/li>\n
\nMalaysia pipeline continues to grow, with orders in H1 FY2021 up 88% to S$3.00
\nmillion (A$2.96 million) compared to H1 FY2020. This complements and empowers
\nthe Group’s expansion into social commerce<\/strong><\/li>\n
\nretains a strong position to drive continued growth both organically and via
\nM&A with a healthy debt-free balance sheet, S$5.43 million (A$5.36 million)
\nin cash and a proven strategy to deliver end-to-end growth solutions<\/strong><\/li>\n<\/ul>\n
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\n(ASX: NCL, “Netccentric” or “the Group”) is pleased to provide the Group’s
\nfinancial results and update for the half-year ended 30 June 2021 (H1 FY2021).<\/p>\n
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<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/520x0\/171894\/Netccentric-H1.JPG#image-171894\")
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\nFY2021, up 60% compared to H1 FY2020 and driven by strong growth across the
\nGroup’s business units which built momentum into Q2 FY2021. H1 FY2021 revenue for
\nInfluencer Platform (Nuffnang) climbed 49% YoY to S$2.96 million, Social Media
\nAgency (Sashimi) jumped 52% YoY to S$1.21 million and Performance Marketing
\nAgency (Plata & Punta) leapt 126% YoY to S$0.86 million.<\/p>\n
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\nmillion. The Group delivered H1 FY2021 EBITDA of S$0.19 million (H1 FY2020: S$0.09
\nmillion), soaring 108% YoY<\/b>, excluding impact of extraordinary expenses relating
\nto the issue of options, M&A activities and forex movements. <\/p>\n
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\nS$5.43 million in cash and no debt<\/b>, providing strength and flexibility to fund the Group’s
\ngrowth objectives.<\/p>\n
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\nfinancial strengthening as the business gains scale and management executes
\nNetccentric’s growth strategy.<\/p>\n
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\nand Operations Highlights’, visit https:\/\/www2.asx.com.au\/markets\/company\/ncl<\/a> .<\/p>\n
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\nAugust).