PATMI margin for the 3QFY2021 fell 0.6 percentage points to 7.5%.
See also: Zixin 1HFY2026 earnings double to RMB16.06 million
For the 9MFY2021, earnings surged 43.7% y-o-y to $46.1 million.
Revenue improved 24.8% y-o-y during the nine-month period to $571.8 million.
PATMI margin grew 1.1 percentage points to 8.1% due to the group’s revenue growth, which resulted in overhead costs being spread over a larger revenue base.
See also: OCBC 1HFY2025 net profit falls 6% y-o-y to $3.7 bil
As at end-September, Frencken’s cash and cash equivalents stood at $169.2 million.
For more stories about where the money flows, click here for our Capital section
In its outlook statement, the group expects its overall revenue in the 2HFY2021 to remain stable, compared to that of 1HFY2021.
Shares in Frencken closed 13 cents higher or 5.96% up at $2.31 on Nov 11.
