“Volume in the semiconductor space picked up significantly due to higher demand and strong orders from one of our customers’ advanced nodes chips which benefited our Taiwan subsidiary, ” said the provider of support services to the semiconductor industry, surface treatment and mechanical engineering solutions, which serves industries such as oil and gas, power generation and marine.
PETALING JAYA: Frontken Corp Bhd
posted a 35% year-on-year jump in net profit to RM22.9mil, while revenue was 22% higher to RM103.5mil for its first quarter ended March 31,2021 mainly due to significant growth in its semiconductor businesses.
In a filing with Bursa Malaysia, the group said revenue growth was mainly due to bigger contributions by its subsidiaries in Taiwan and Malaysia.
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