Revenue in the same period was $195.3 million, versus $196.5 million in the year earlier. The company suffered from unfavourable currency movements with the Euro losing ground versus Singdollar, the reporting currency.
Frencken Group has reported earnings of $11 million for its 3QFY2022 ended Sept, down 25.7% from the year earlier period.
Part of the drop was due to a one-off inventory write down of $2.4 million by its US subsidiary, without which, it would report earnings of $13 million.
