Revenues for both the group’s mechatronics division and IMS division fell y-o-y. The mechatronics division saw revenue decline due to lower sales from its Asia operations.
Frencken Group (SGX:E28
) has reported earnings of $12.1 million for the 1HFY2023 ended June 30, 53.8% lower y-o-y.
Revenue fell by 9.7% y-o-y to $351.0 million amid a “challenging business environment” for companies in the tech sector.
