Revenue at the mechatronics division improved 4.5% y-o-y to $688.5 million, due to higher sales of the semiconductor, medical and industrial automation segments.
Frencken Group (SGX:E28
) announced that its FY2022 ended Dec 31, 2022 earnings came in at $51.9 million, some 11.7% lower than $58.7 million in FY2021.
Revenue for the full year came in 2.5% higher at $786.1 million from $767.1 million last year, uplifted by the group’s mechatronics division but partially offset by a decline in the group’s Integrated Manufacturing Services (IMS) division.
