Frencken shares fall 15.5% after Q1 earnings dive
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Frencken shares dropped 15.5% to S$2.57 following a Q1 earnings report showing a net profit of S$8 million, down 20.2% from the previous year. Revenue fell 6.4% to S$202 million, primarily due to decreased contributions from the semiconductor and analytical life sciences segments. The stock is currently under a circuit breaker on the Singapore Exchange. Despite the decline, the company expects improved momentum for the remainder of the year.
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