See: Frencken Group acquires high-precision manufacturing solutions provider Avimac for $14 mil
PATMI margin for the 3QFY2021 fell 0.6 percentage points to 7.5%.
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.
See also: MAS net profit rises to $19.7 bil in FY2024/25 with investment gains more than doubling y-o-y
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.
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
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
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.
