Singapore

THE net profit of beverage maker F&N fell 8.2 per cent to S$118 million for the nine months ended June, as topline took a hit from lower soft drink sales in Malaysia and printing-plant closures amid the Covid-19 pandemic.

The mainboard-listed firm's revenue for 9M FY2020 dipped 2.9 per cent to S$1.38 billion, due to lower contributions from the beverage and publishing and printing (P&P) segments, which offset a revenue improvement in its dairies business.