Frencken Group profit soars 73% to $9M in 1Q24

Higher revenue drove the increase.

Frencken Group Limited’s profit attributable to equity holders soared 73.0% YoY to $9m in 1Q24, driven by higher revenue and gross profit margin.

The company’s gross profit margin in 1Q24 was 13.7%, up 1.4 percentage points.

Meanwhile, the company’s revenue rose 12.2% YoY to $193.6m in 1Q24, propelled by its Mechatronics, which reported a 14.4% YoY higher revenue of $170.1m.

Within the division, segments which reported improved revenues were semiconductor (+37.4% YoY to $79.5m), medical (+8.6% YoY to $32.7m), and analytical life sciences (+16.7% YoY to $46.6m).

The company’s other division, IMS, reported a lower revenue of $22.8m in 1Q24 amidst a 6.6% YoY revenue decline in its automotive segment.

Follow the link for more news on

Frencken Group Limited

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia