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Frencken posts 27.2% higher 1Q earnings of $8.6 mil on revenue growth

Michelle Zhu
Michelle Zhu5/9/2019 05:39 PM GMT+08  • 2 min read
Frencken posts 27.2% higher 1Q earnings of $8.6 mil on revenue growth
SINGAPORE (May 9): Frencken Group, the high-tech capital and consumer equipment service provider, reported earnings of $8.6 million for the 1Q ended March, growing 27.2% from $6.8 million on higher revenue.
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SINGAPORE (May 9): Frencken Group, the high-tech capital and consumer equipment service provider, reported earnings of $8.6 million for the 1Q ended March, growing 27.2% from $6.8 million on higher revenue.

Revenue for the quarter grew 14.7% on-year to $159.1 million mainly due to a growth in contributions from the Mechatronics division due to higher sales mainly from the industrial automation segment, due to increased orders from a key customer in Europe.

The higher Mechatronics revenue growth more than offset a marginal sales decline from the integrated manufacturing services (IMS) division, where revenue contribution fell from the consumer & industrial electronics and tooling segments.

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