Excluding the impact of lower revenue contribution from PESB compared to 4Q16, group revenue would have increased 25.6% on-year instead.
SINGAPORE (Feb 22): Frencken Group ended FY17 with a 4Q profit of $5.3 million, up 18.9% from $4.4 million a year ago on higher on higher revenue. This brings the group’s earnings for the full year to $33.1 million, double of the $16 million reported in FY16.
Revenue for 4Q grew 12.9% to $125.5 million from $111.2 million a year ago, lifted by higher sales contributions from the mechatronics division. But this was offset in part by lower sales posted by the IMS division due to the absence of sales from Precico Electronics (PESB) in 4Q following its disposal in March 2017.
