KUALA LUMPUR: There are brighter prospects for Frontken Corp Bhd
as the group registered much-improved utilisation of its second facility in Taiwan in the April-June quarter amid growing customer demand.
The group said it is "cautiously optimistic" that the trend will continue to grow over the remainder of the year.
"Some of the projects we were developing with our customers are also starting to bear fruit," said the semiconductor support services firm in its results filing with Bursa Malaysia.
Over the quarter ended June 30, 2024, Frontken recorded a net profit of RM33.33mil, which was higher than RM31.91mil registered a year earlier.
The group's revenue rose to RM134.93mil as compared to RM121.15mil, while earnings per share stood at 2.12 sen against 2.03 sen previously.
It said its Taiwanese arm made higher contributions as volume in the semiconductor space picked up due to higher demand and customer orders.
In the six months period to June 30, 2024, the group's net profit came in at RM63.39mil, up from RM55.5mil in 1HFY23, on the back of revenue of RM275.44mil against RM235.14mil in the comparative period.
The board of directors declared a dividend of 1.7 sen per share, with the entitlement and payout days to be announced at a later date.
