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Frencken Group profit jumps 50.3% in H1 2024 on mechatronics growth

Its Mechatronics Division reported a 7.9% YoY revenue increase.

Mainboard-listed Frencken Group’s profit jumped 50.3% YoY to $18.1m in H1 2024, supported by revenue growth.

Revenue for the period was $372.7m, up 6.2% YoY.

The company attributed its improved revenue to the better performance of its Mechatronics Division, which offset a dip in revenue of the IMS Division.

Revenue for the Mechatronics Division rose by 7.9% YoY to $327.15m, whereas the IMS Division saw a decrease of 4.3% YoY, bringing its revenue down to $44.31m.

With the increase in profit, the company’s earnings per share rose to $0.0425.

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Frencken Group Limited

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