- Natural Cool (NatCool, SGX:5IF) is a recognized leader in the air-conditioning and mechanical ventilation (ACMV) market in Singapore, renowned for its high service standards and commitment to excellence.
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- Despite market challenges, NatCool has shown resilience through strategic growth and diversification.
Financial Performance
- NatCool recorded a slight decline in its revenue for FY2023, with revenue declining by 3.7% y-o-y to S$144.2m, primarily due to a fall in its aircon and engineering segment. However, gross profit margin increased from 17.5% in FY2022 to 19.0% to FY2023, driven by increased use of internal labor in the aircon and engineering division, cost management measures in the paint and coatings division and higher margins in the technology division due to the completion of a higher margin train-borne communications project. Accordingly, gross profit increased by 7.6% y-o-y to S$27.5m.
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Resilience in Aircon & Engineering Division
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