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aws账号( posts 3Q earnings jump to RM27.3mil



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KUALA LUMPUR: Frontken Corp Bhd posted net earnings of RM27.3mil in the third quarter ended Sept 30, 2021, a 27.94% increase over RM21.34mil in the same quarter a year ago on the back of improved revenue from the semiconductor and oil and gas divisions.Revenue for the quarter rose 23% year-on-year (y-o-y) to RM116.6mil.The group said its Taiwan semiconductor business continued to show significant growth due to strong demand from its customers, in line with the global trend in the semiconductor space.Its Malaysian business also improved due to new orders for the provision of manpower supply and mechanical rotating equipment services from various contracts with Petronas.However, the group's Singapore subsidiary posted a slightly lower revenue due to a shortage in workforce and a delay in customers' orders as a result of Covid-19 safety measures.In the semiconductor space, the group is expanding its production capacity via the purchase of a new facility in Kaoshiung, Taiwan, which is expected to be commissioned in the second half of 2022.It added that it hopes momentum in the oil and gas industry will pick up further in the fourth quarter of this year and throughout 2022, where the soon-to-be-completed facility in Pengerang will be ready to support is customers' contracts.


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