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F&N's 2Q earnings surge to $15.4 mil on maiden profit contribution from Vinamilk

PC Lee
PC Lee5/8/2018 06:49 PM GMT+08  • 2 min read
F&N's 2Q earnings surge to $15.4 mil on maiden profit contribution from Vinamilk
SINGAPORE (May 8): Fraser and Neave reported second quarter earnings surged fourfold to $15.4 million in 2Q18 from $3.8 million in 2Q17.
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SINGAPORE (May 8): Fraser and Neave reported second quarter earnings surged fourfold to $15.4 million in 2Q18 from $3.8 million in 2Q17.

F&N posted quarterly revenue of $473.1 million, up 5% year-on-year.

Profit before tax surged 63% to $36.3 million, underpinned by higher dairy and soft drinks sales, reduced operating costs and maiden profit contribution from the group’s 19.96% stake in Vietnam Dairy Products Joint Stock Company (Vinamilk), an associate company.

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