Frencken’s PATMI rises 29.3% YoY in Q3 2024 on revenue growth

Revenue rose 7.7% YoY to $372.7m.

Frencken's profit after tax and minority interest (PATMI) rose by 29.3% YoY to $18.0m in Q3 2024 on higher revenue.

In Q324, revenue rose 7.7% YoY to $372.7m.

The company attributed its improved revenue to higher contributions from its MEchatronics Division.

The Mechatronics Division reported a 10.8% YoY increase in revenue, hitting $176.8m in Q3.

Revenue growth in the semiconductor, analytical life sciences, and industrial automation segments boosted the performance of the Mechatronics Division.

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