Frencken's Group's Profit Surges 29% in Q3; Shares Up 3%

MT Newswires

2024/11/20

Frencken Group's (SGX:E28) profit attributable to equity holders rose 29% in Q3 to SG$9.2 million from SG$7.1 a year earlier, according to a filing with the Singapore Exchange on Tuesday.

Revenue was up nearly 8% year over year to SG$198.6 million from SG$184.4 million, mainly due to an 11% increase of revenue from the mechatronics division.

Shares of the semiconductor and analytical life sciences company were up nearly 3% in recent trading.

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