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Yesterday, Frontken Corp (FRONTKN) reported a surge in its 1Q24 net profit by 27.4% to MYR 30.05 million, driven by higher revenue and improved profit margin. Quarterly revenue climbed 23.3% to MYR 140.52 million, attributed to increased contributions from subsidiaries in Taiwan, Malaysia, and Singapore.
The semiconductor sector saw heightened demand, benefiting the Taiwan unit, while Malaysia received more orders for manpower and mechanical services. Mean