F&N sees weak Asean consumer confidence

Singapore

FRASER & Neave (F&N) on Friday sounded a wary note on consumer sentiment in Asean, and said it would restructure its loss-making publishing unit by shifting its education business online. This comes as it reported a surge in full-year net profit on the back of a disposal gain.

Net profit for the 12 months ended Sept 30, 2015, stood at S$633 million, against S$147 million a year ago. This translated to earnings per share of 43.7 Singapore cents, against 10.2 Singapore cents.