PETALING JAYA: A surge in topline contribution from Frontken Corp Bhd
’s core businesses, coupled with effective cost controls, has driven the group’s earnings higher in the first quarter (1Q) of the financial year.
The group said net profit leapt to RM42.35mil in the quarter under review from RM31.07mil in the year-ago quarter, on the back of a 43% year-on-year (y-o-y) jump in revenue.
Earnings per share rose to 2.56 sen from 1.96 sen in the year-ago quarter.
It said in a stock exchange filing, quarterly revenue rose to RM189.81mil from RM132.56mil in the previous comparative quarter on the back of higher contributions from its Malaysian and Taiwan subsidiaries.
Revenue contribution from the group’s Malaysian units surged 266% y-o-y mainly due to higher sales contribution from supply-related activities in the oil and gas business.
