Home News Results

F&N full year earnings down 2% to $150.4 mil

The Edge Singapore
The Edge Singapore11/11/2020 06:00 PM GMT+08  • 2 min read
F&N full year earnings down 2% to $150.4 mil
The company plans to pay a final dividend of 3.5 cents, which brings its full-year payout to five cents
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Fraser and Neave, has reported earnings of $150.4 million for the year ended Sept 30, down 2% from the previous year. Revenue in the same period was down 4% y-o-y to $1.83 billion.

Earlier in the year, business was affected by lockdown in markets such as Malaysia and Singapore. However, overall numbers were offset by contributions from other businesses such as a new brewery in Myanmar, as well as other sales channels.

Chairman Koh Poh Tiong calls the year’s report card “relatively satisfactory”, given the pressures of on-going pandemic.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.