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F&N’s FY16 earnings decline 83% to $10.8 mil on absence of gain on disposal

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F&N’s FY16 earnings decline 83% to $10.8 mil on absence of gain on disposal

Gwyneth Yeo Published on Mon, Nov 07, 2016 / 7:33 PM GMT+8

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SINGAPORE (Nov 7): Fraser and Neave reported earnings of $108.1 million for FY16, a 82.9% decrease from the earnings of $632.6 million in FY15 which was boosted by the one-off $541.5 million gain from the sale of its 55% stake in Myanmar Brewery.

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