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Frencken FY2021 web revenue up 38% at S$ 58.7 m; firm proclaims greater returns

MAINBOARD-LISTED producer Frencken Team E28 on Thursday (Feb 24) published a 38 percent boost in web revenue to S$ 58.7 million for the complete year finished Dec 31, 2021, from S$ 42.6 million the year prior to.

Team income climbed 23.6 percent year on year to S$ 767.1 million from S$ 620.6 million, raised by greater sales from its mechatronics and also incorporated production solutions (IMS) departments.

Earnings from its mechatronics department climbed 26.6 percent to S$ 659 million in FY2021 on the back of double-digit sales development of the semiconductor, clinical and also logical sectors.

The IMS department published a 6.8 percent boost in income to S$ 107.8 million for the complete year, primarily as a result of greater sales for the auto and also customer & & commercial electronic devices sectors.

Profits per share in FY2021 stood at 13.75 Singapore cents, compared to 10.01 cents the year prior to.

The board has actually advised a last returns of 4.13 cents per share, greater than the 3 cents for FY2020.

Frencken claimed in its monetary declarations that it will certainly proceed its lasting technique of enhancing its market placement in the high modern technology market, along with concentrate on its objective of supplying lasting and also rewarding development.

It has, for example, been increase its outcome ability and also enhancing manufacturing room with brand-new centers in Europe, Malaysia and also Singapore.

Frencken is preparing for greater income for its semiconductor, commercial automation and also auto sectors for the very first fifty percent of 2022, compared to the equivalent duration in 2021.

Shares of Frencken finished Thursday at S$ 1.60, down S$ 0.05 or 3 percent.

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