Frencken Group's Profit Declines 20% in Q1; Shares Down 9%
MT Newswires05-19
Frencken Group's (SGX:E28) profit attributable to equity holders fell 20% during the first quarter of the year to SG$8 million from SG$10 million a year earlier, according to a Tuesday filing with the Singapore Exchange.
The figure included a foreign exchange loss of SG$1.1 million.
Revenue slid 6.4% year over year to SG$202 million from SG$215.8 million, mainly due to lower contributions from the semiconductor and analytical life sciences segments.
Shares of the producer of precision components for the semiconductor industry plunged over 9% in Tuesday trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
