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FINWIRES

Frencken Group's Profit Declines 20% in Q1; Shares Down 9%

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Frencken Group's (SGX:E28) profit attributable to equity holders fell 20% during the first quarter of the year to SG$8 million from SG$10 million a year earlier, according to a Tuesday filing with the Singapore Exchange.

The figure included a foreign exchange loss of SG$1.1 million.

Revenue slid 6.4% year over year to SG$202 million from SG$215.8 million, mainly due to lower contributions from the semiconductor and analytical life sciences segments.

Shares of the producer of precision components for the semiconductor industry plunged over 9% in Tuesday trading.

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