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F&N sees 10.9% drop in net profit to $40.2 million in 1QFY2022

Amala Balakrishner
Amala Balakrishner2/11/2022 10:57 AM GMT+08  • 2 min read
F&N sees 10.9% drop in net profit to $40.2 million in 1QFY2022
On a fully diluted basis, this translates to earnings per share of 2.8 cents in 1HY2021, compared to 3.1 cents in 1HFY2020
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Beverage and publishing company Fraser and Neave (F&N) saw a 10.9% drop in its net profit to $40.2 million in 1QFY2022 ended Dec 31 2021, from the $45.1 million in the year before.

This comes despite a 1.6% uptick in the company’s revenue to $496.5 million in 1QFY2022, thanks to higher demand for beer and soft drinks.

F&N notes that the higher revenue for beer was driven by improved route-to -market while a recovery in general retail food services boosted sales for soft drinks.

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