Frontken earnings soar on improved results by subsidiaries


In a filing with Bursa Malaysia yesterday, the semiconductor services and precision cleaning provider said in the fourth quarter, unrealised foreign currency exchange losses stood at RM0.7mil compared to foreign exchange gains of RM3.5mil a year earlier.

PETALING JAYA: Frontken Corp Bhd’s net profit for the third quarter ended Sept 30, 2018 jumped 65% to RM15.19mil from RM9.19mil in the previous corresponding period, mainly due to improved performances by its subsidiaries in Taiwan, Singapore, Malaysia and the Philippines.

In a filing with Bursa Malaysia, the semiconductor firm said its wholly-owned subsidiary Frontken (Singapore) Pte Ltd had disposed of its entire 49% stake in a Thailand-based associate company, which resulted in a gain on disposal of RM650,000.

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