Frontken posts higher 2Q profit on semiconductor market demand

By TMR

Frontken Corp Bhd’s net profit for the second quarter ended June 30, 2018, more than doubling to RM12.08 million from RM5.82 million due to the global semiconductor market.

Revenue jumped to RM81.8 million for the period from RM70.5 million for the same quarter last year as its subsidiaries in Taiwan and Singapore had improved business performances.

Its subsidiaries in Malaysia and Philippines also recorded a better performance on new works secured and an expanded business portfolio.

The group noted in its exchange filing yesterday, it will continue to be vigilant in cost management and explore ways to improve in efficiency as business conditions will continue to be challenging amidst uncertainties such as the future trade policy of the United States as a possible trade war may impact the outlook of the global economy.