Frencken Q3 earnings up 10.7% as revenue rises

FRENCKEN Group's earnings rose 10.7 per cent year-on-year to S$14.77 million in Q3 as it registered higher revenue.

Revenue increased 18.7 per cent year-on-year to S$196.46 million, boosted by stronger sales of its semiconductor analytical, medical and automotive segments.

Gross profit increased nearly 15 per cent to S$33.5 million even as gross profit margin eased by half a percentage point to 17.1 per cent owing to higher material and freight costs.

The group said it expects overall revenue to remain stable in H2 2021 vis-a-vis H1 2021, with stable revenue in its semiconductor segment. Its medical & analytical segments are expected to grow while its industrial automation and automotive segments are expected to soften.

The counter closed at S$2.31 on Thursday, gaining 13 cents or 5.96 per cent.