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FRONTKEN Corp Bhd reported a 3.37% rise in net profit to RM31.07 million for or the first quarter ended March 31, 2025 (1Q25), driven by stronger semiconductor performance and lower surtax, despite a 5.66% dip in revenue to RM132.56 million due to reduced oil and gas contributions during festive periods.
No dividend was declared for the quarter.
The company said it is actively exploring collaborations with strategic partners to expand its footprint, as global semiconductor players increasingly shift toward onshoring amid geopolitical tensions and trade policy uncertainties.
Frontken remains optimistic, citing strong customer outlooks and growing demand fueled by the adoption of AI and generative AI technologies. — TMR
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The post Frontken posts modest 1Q profit rise, explores strategic partnerships amid semiconductor onshoring push appeared first on The Malaysian Reserve.