Supply chain woes trigger 12.6% decline in Frencken’s Q1 net profit

The decline was also caused by higher selling and distribution.

SGX-listed Frencken Group posted a 12.6% decrease in net profit from $12.8m in the first quarter (Q1) of 2022 to $14.7m in Q1 last year amidst supply disruptions and higher selling prices caused by the unrest in Russia-Ukraine.

In its financial statement, it reported higher prices of materials, freight, and energy in Q1 2022 compared to Q1 2021, prompting Frencken, a machine industry firm, to impose mitigation measures.

As for the revenue, the group recorded 9.3% year-on-year (YoY) growth from $181.53 in Q1 2021 to $198.4m in the same period in 2022. 

The increase was driven by the rise in Mechatronics Division’s revenue, which grew by 12.1% YoY to $172.8m. It also accounted for 87.1% of the group’s revenue.

Here are the sales performance of Frencken’s business segments:
:
Semiconductor segment’s sales increased YoY 15.5% to $76.1 million
− Medical segment’s sales was relatively stable YoY at $23.0 million
− Analytical & life sciences segment’s sales grew 16.7% YoY to $38.9 million
− Industrial automation segment’s sales increased 8.7% YoY to $31.2 million.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!