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F&N reports 17.9% lower earnings of $68.5 mil on higher raw material and energy costs

Felicia Tan
Felicia Tan5/6/2022 09:56 PM GMT+08  • 3 min read
F&N reports 17.9% lower earnings of $68.5 mil on higher raw material and energy costs
For the period, F&N has declared an interim dividend of 1.5 cents per share, unchanged y-o-y. Photo: F&N
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Food and beverage (F&B) manufacturer Fraser and Neave (F&N), an associate of Thai Beverage (ThaiBev), has reported earnings of $68.5 million for the 1HFY2022 ended March.

The half-year period’s earnings stood 17.9% lower than the earnings of $83.4 million in the corresponding period the year before.

The lower earnings were due to higher raw material and energy costs, as well as an exceptional charge of $7.8 million. The charge was due to the impairment of inventories and property, plant and equipment caused by flash floods in Malaysia earlier in the FY.

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