$FRENCKEN GROUP LIMITED(E28.SI

Frencken: FRENCKEN Group’s net profit fell 12.6 per cent year-on-year to S$12.8 million in Q1 due to higher costs and heightened supply chain challenges in the second half of FY2021.

“Higher prices of materials, freight and energy in 1QFY22 compared to 1QFY21 have driven up input costs and the group is working on cost mitigation actions,” the mainboard-listed company said in a business update on Tuesday (May 17).

Revenue went up 9.3 per cent year-on-year to S$198.4 million, driven primarily by double digit sales of the group’s mechatronics division, which accounted for 87.1 per cent of the manufacturer’s revenue in Q1.

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Comments

VivianField
2022-05-18
VivianField
The economic situation in general is performing very poorly and it is not the right time to enter the market.
WadeKellogg
2022-05-18
WadeKellogg
Hi, can you tell us about the business model of this company?
WalterBurns
2022-05-18
WalterBurns
If so, I am very disappointed with the performance of this company.
innoro
2022-05-19
innoro
Great ariticle, would you like to share it?
Toby_Chua
2022-05-18
Toby_Chua
High price days gone
Trainman
2022-05-18
Trainman
market correction

Leave a comment

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Revenue went up 9.3 per cent year-on-year to S$198.4 million, driven primarily by double digit sales of the group’s mechatronics division, which accounted for 87.1 per cent of the manufacturer’s revenue in 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