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.