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F&N reports 24.5% rise in full-year earnings to $153 mil on broad-based growth

PC Lee
PC Lee11/14/2019 07:45 PM GMT+08  • 3 min read
F&N reports 24.5% rise in full-year earnings to $153 mil on broad-based growth
SINGAPORE (Nov 18): Fraser and Neave has reported FY19 earnings ended Sept of $153.2 million, up 24.5% from FY18.
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SINGAPORE (Nov 18): Fraser and Neave has reported FY19 earnings ended Sept of $153.2 million, up 24.5% from FY18.

The conglomerate with interests in beer brewing, milk production and publishing says the stronger bottomline came on the back of broad-based strength across F&N’s business segments, especially from dairies.

FY19 revenue came in at $1.9 billion, up 4% over FY18, supported by strong performance from its Food & Beverage (F&B) division.

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