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F&N on hunt for new business after slow year

Net profit dips 5.6% in '16 after having notched up substantial gain on disposal in '15
Tuesday, November 8, 2016 - 05:50

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In Singapore, revenue got a lift from the introduction of new products such as Oishi and CocoLife, while 100Plus remains popular, F&N said.

Singapore

BEVERAGE group Fraser and Neave is sitting on a cash pile and will be on the hunt for acquisitions, it said on Monday evening as it reported a dip in full-year earnings largely due to absence of profits from operations discontinued last year.

The group, which sold its

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