$Frencken (E28.SG)$ 1QFY2022 earnings declined by 12.6% yoy ...
$Frencken (E28.SG)$
1QFY2022 earnings declined by 12.6% yoy due mainly to a decline in gross profit margin and higher selling and distribution administrative and general expenses amid heightened supply chain challenges from 2HFY2021. Higher prices of materials, freight and energy in 1QFY2022 have driven up input costs.
The automotive segment suffered softer sales because it was affected by constrained customer demand as a result of semiconductor chip supply chain challenges and disruptions arising from the military conflict in Ukraine.
1QFY2022 earnings declined by 12.6% yoy due mainly to a decline in gross profit margin and higher selling and distribution administrative and general expenses amid heightened supply chain challenges from 2HFY2021. Higher prices of materials, freight and energy in 1QFY2022 have driven up input costs.
The automotive segment suffered softer sales because it was affected by constrained customer demand as a result of semiconductor chip supply chain challenges and disruptions arising from the military conflict in Ukraine.
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