Frencken Group's Attributable Profit Rises 10% in H1; Shares Down Over 5%

MT Newswires

08/15

Frencken Group's (SGX:E28) attributable profit to equity holders jumped 10% during the first half of the year to SG$19.9 million from SG$18.1 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Shares of the company were down over 5% in Friday trading.

Earnings per share rose to SG$0.0467 compared with SG$0.0424 in the comparable period.

Revenue was up 16% year over year to SG$431.4 million from SG$372.7 million, mainly due to strong performance from the mechatronics division.

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