Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 18 FINANCIAL REVIEW REVENUE The Group’s revenue of RM500.1 million for FY2023 was 3% lower than that achieved in the previous year mainly due to slower demand from the semiconductor industry. RESULTS OF OPERATIONS IN RM’000 REVENUE 517,183 500,149 3% 2022 2023 NET PROFIT 123,292 111,951 9% 2022 2023 174,790 167,066 PROFIT BEFORE TAX 4% 2022 2023 193,212 188,358 EBITDA 3% 2022 2023 135,168 124,339 PROFIT AFTER TAX 8% 2022 2023 37.4% 37.7% EBITDA MARGIN 0.3% 2022 2023 REVENUE 2023 2022 % change (by customer location) RM’000 % RM’000 % in revenue Taiwan 316,923 63 337,556 65 -6 Malaysia 93,362 19 86,983 17 7 Singapore 52,606 11 55,959 11 -6 Others 37,258 7 36,685 7 2 Total 500,149 100 517,183 100 -3
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