PATMI margin for the 3QFY2021 fell 0.6 percentage points to 7.5%.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
For the 9MFY2021, earnings surged 43.7% y-o-y to $46.1 million.
Revenue improved 24.8% y-o-y during the nine-month period to $571.8 million.
PATMI margin grew 1.1 percentage points to 8.1% due to the group’s revenue growth, which resulted in overhead costs being spread over a larger revenue base.
See also: LHN Limited earnings at $20 mil for FY2025, down 57.6% y-o-y from net fair value losses
As at end-September, Frencken’s cash and cash equivalents stood at $169.2 million.
For more stories about where the money flows, click here for our Capital section
In its outlook statement, the group expects its overall revenue in the 2HFY2021 to remain stable, compared to that of 1HFY2021.
Shares in Frencken closed 13 cents higher or 5.96% up at $2.31 on Nov 11.
