DGC released robust 2021 results, in which revenue and NPAT-MI surged 53% and 163% YoY, respectively, and completed 89% and 94% of our respective forecasts. In Q4 2021 alone, DGC’s revenue and NPAT-MI rocketed 118% YoY and 452% YoY, respectively. We attribute these earnings surges primarily to elevated selling prices, cost-saving projects and product upgrades.
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