Frontkn's latest performance reviews

FrontkN's latest quarterly revenue and net profit reached RM140.4mil and RM30.1mil respectively. Traditionally, the first quarter was Fronktn's weakest quarter, but this quarter's revenue hit a record high. Frontkn's revenue for the quarter increased by about 23% compared to the same period last year, mainly due to high contributions from Taiwan, Malaysia and Singapore subsidiaries. Frontkn's Taiwanese subsidiary has benefited from increased demand for semiconductors and strong customer orders, increasing transaction volume in the semiconductor sector.

The Semiconductor Industry Association (“SIA”) announced that total sales of the global semiconductor industry reached US$46.2 billion in February 2024, an increase of 16.3% compared to US$39.7 billion in February 2023. Sales growth in February was the biggest since May 2022, and market growth is expected to continue for the rest of the year. As a result, Fronkn was able to greatly improve the utilization rate of their second factory in Taiwan.