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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
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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.

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