Frontken Corporation Bhd's pre-tax profit rose 63.1 per cent to RM13.2 million for the financial year ended Dec 31, 2010
from RM8.1 million previously.

Its revenue increased to RM146.7 million from RM137.4 million previously amid higher demand for the group's services in Singapore and the Philippines.

'The higher pre-tax profit for financial year 2010 was mainly due to higher margin during the current period arising from lower subcontracting cost and share of profit of associates during the current financial year as compared to share of losses of associates in the preceding year,' the company said in a
filing to Bursa Malaysia today.

For the fourth quarter ended Dec 31, 2010, Frontken posted a pre-tax profit of RM2.4 million compared with a pre-tax loss of RM303,000 in the same quarter of 2009.

Revenue increased to RM42.1 million from RM34.3 million previously. -- Bernama