F&N reports 16.1% higher earnings of $83.4 mil for the 1H21 on higher revenue, gross profit

Fraser and Neave Limited (F&N) has reported earnings of $83.4 million for the 1HFY2021 ended March, 16.1% higher than earnings of $71.8 million for the 1HFY2020.

Earnings per share (EPS) for the 1HFY2021 increased to 5.7 cents from 4.9 cents last year on a fully diluted basis.

Revenue for the period increased 2.0% y-o-y to $988.6 million attributable to growth in the group’s overall Beverages and Dairies revenue, and offset by a decline in Printing and Publishing revenue.