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Frencken sees earnings improve 10.7% y-o-y to $14.8 mil in 3QFY2021

Felicia Tan
Felicia Tan11/11/2021 07:22 PM GMT+08  • 1 min read
Frencken sees earnings improve 10.7% y-o-y to $14.8 mil in 3QFY2021
In its outlook statement, the group expects its overall revenue in the 2HFY2021 to remain stable, compared to that of 1HFY2021.
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Frencken Group has reported earnings of $14.8 million for the 3QFY2021 ended September, 10.7% higher than earnings of $13.3 million in the 3QFY2020.

Revenue for the 3QFY2021 increased by 18.7% y-o-y to $196.5 million due to the higher sales of the semiconductor, analytical and medical segments. The figure was partly offset by softer sales of the industrial automation and automotive segments.

See: Frencken Group acquires high-precision manufacturing solutions provider Avimac for $14 mil

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