Fraser and Neave (F&N)

The group has proposed a final dividend of 4.0 cents per share, bringing the full-year dividend to 5.5 cents.

Despite revenue recovering and showing growth, F&N's earnings are down for the FY2022 period due to higher costs.

CEO Hui Choon Kit calls 2022 "a confluence of several challenges".

F&N posts 1.0% growth in 9M to $119.1 million.

CGS-CIMB believes that lower earnings before interest, tax, depreciation and amortisation (Ebitda) recorded by Fraser and Neave (F&N) and Frasers Property in the same period may indicate lower earnings registered by both associate companies.

Covid-19 causes F&N to spill earnings

Although F&N says its distribution logistics across the markets it operates in remain largely intact and unaffected by Covid-19 disruptions, the group is bracing for weaker consumer demand in its beverage and dairies operations in 2HFY2020.

F&N’s beverages segment, which comprises soft drinks and beer, saw a 9.9% growth in revenue during the quarter to $124.5 million.

SINGAPORE (Dec 9): Beer and property do not always mix, but the family business of Thai tycoon Charoen Sirivadhanabhakdi has been busy shuffling its assets in the two industries. Besides the proposed merger of its two Singapore real estate investment trus

SINGAPORE (Sept 25): Fraser and Neave (F&N) has marked its return to Myanmar’s beer market with the start of commercial operations at Emerald Brewery Myanmar.