Frencken Group Limited (SG:E28) has released an update.
Frencken Group Limited has reported a robust start to the year with a 12.2% increase in revenue to S$193.6 million in the first quarter of 2024, largely due to strong performance in the Mechatronics Division. The company’s gross profit margin improved to 13.7%, contributing to a significant 73% surge in profit after tax and minority interests (PATMI) to S$9.0 million. This financial growth is attributed to increased sales in the semiconductor, medical, and analytical life sciences segments.
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