SINGAPORE (Feb 11): Fraser and Neave (F&N) saw its earnings rise 47.5% to $37.9 million for the 1Q19 ended December, from $25.7 million a year ago.
The increase was largely due to robust performance from the group’s Dairies business as well as higher profit contribution from Vinamilk, F&N’s associate company in Vietnam.
1Q19 revenue inched 0.4% higher to $464.4 million, from $463.5 million a year ago, on higher dairy and soft drinks sales in its core markets of Malaysia, Singapore and Thailand.
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