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F&N posts 9% higher 3Q earnings of $50.3 mil on higher soft drinks and dairy sales

PC Lee
PC Lee8/7/2019 06:06 PM GMT+08  • 2 min read
F&N posts 9% higher 3Q earnings of $50.3 mil on higher soft drinks and dairy sales
SINGAPORE (Aug 7): Fraser and Neave reported 3Q19 earnings of $54.8 million, 9% higher than the earnings of $50.3 million a year ago in 3Q18.
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SINGAPORE (Aug 7): Fraser and Neave reported 3Q19 earnings of $54.8 million, 9% higher than the earnings of $50.3 million a year ago in 3Q18.

The group posted 3Q19 revenue of $489.7 million, 7% compared to 3Q18, supported by solid performances from all divisions across the group.

This quarter, higher soft drinks and dairy sales contributed to Food & Beverage (F&B) division’s strong top line of $427.3 million, representing a growth of 7% from $398.2 million in the corresponding period last year.

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