Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 18 FINANCIAL REVIEW REVENUE The Group reported higher revenue of RM517.2 million against RM450.2 million of last year, an increment of 15% which is mainly due to robust semiconductor industry and improvement in our oil and gas business. This was the highest ever revenue achieved in the history of the Group. RESULTS OF OPERATIONS in RM’000 REVENUE 450,222 517.183 15% 2021 2022 NET PROFIT 104,504 123,292 18% 2021 2022 149,866 174,790 PROFIT BEFORE TAX 17% 2021 2022 168,156 193,212 EBITDA 15% 2021 2022 114,222 135,168 PROFIT AFTER TAX 18% 2021 2022 37.3% 37.4% EBITDA MARGIN 0.1% 2021 2022 REVENUE 2022 2021 % change (by customer location) RM’000 % RM’000 % in revenue Taiwan 337,556 65 303,561 67 11 Malaysia 86,983 17 63,227 14 38 Singapore 55,959 11 48,278 11 16 Others 36,685 7 35,156 8 4 Total 517,183 100 450,222 100 15
RkJQdWJsaXNoZXIy NDgzMzc=