KUALA LUMPUR: Frontken Corp Bhd posted net earnings of RM27.3mil in the third quarter ended Sept 30, 2021, a 27.94% increase over RM21.34mil in the same quarter a year ago on the back of improved revenue from the semiconductor and oil and gas divisions.
Frontken Corp Bhd registered a net profit of RM27.3 million for the third quarter ended Sept 30, 2021 (3QFY21), a 27.94% hike from RM21.34 million last year on higher revenue from both of its semiconductor as well as oil and gas (O&G) businesses.
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THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.
With numerous firms seeing a decline in earnings, and many falling into the red, one wonders how much Malaysia’s top brass were paid in 2020 versus the year before.
According to data compiled by The Edge, among the top 50 companies by market capitalisation, the heads of 15 firms took a pay cut, 13 saw a bump in their paycheques and only two those of Supermax Corp Bhd and Time dotcom Bhd had no change in pay.