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Disposal gain lifts F&N full-year profit to $5.4b

FRASER and Neave posted full-year net profit of $5.4 billion compared with $837.5 million last year, thanks to a $4.8 billion gain it made from disposing its discontinued operations. Earnings per share for the full year ended Sept 30, 2013 were 376.8 cents, compared with 59 cents last year.