F&N reports 13.7% higher earnings of $45.1 mil in 1Q21 business update

Fraser and Neave (F&N) has reported 1QFY2021 earnings before exceptional items ended December of $45.1 million, up 13.7% from 1QFY2020.

This translates to earnings per share (EPS) of 3.1 cents, up 14.8% y-o-y.

Group revenue fell 1.3% y-o-y to $496.5 million due to lower volumes from its Soft Drinks and Publishing & Printing (P&P) segments.