Frontken posts record net profit to RM52mil on improved revenue


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: Semiconductor firm Frontken Corp Bhd has posted a record 75% year-on-year growth in net profit to RM52.26mil for the financial year ended Dec 31, 2018 (FY18).

This was mainly attributed to improved revenue, vigilance in cost management and a small gain on disposal of an associate.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024

Others Also Read