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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