The Business Times
business-time-50

Dairy sales lift F&N's Q2 profit to S$35.9m

Published Tue, Apr 30, 2019 · 09:50 PM
Fraser & Neave

Singapore

MAINBOARD-LISTED drinks maker Fraser & Neave (F&N) said on Tuesday that earnings doubled for its second quarter, lifted by stronger sales from its dairies businesses.

Net profit for the three months ended March 31 doubled to S$35.9 million, from S$15 million in the year before. F&N said this was mainly due to higher contributions from its dairies operations, particularly from Vinamilk, its associated company in Vietnam. The group owns 20.01 per cent of Vinamilk.

TRENDING NOW

From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

The divergence between stablecoin legislation in the US and Europe is striking, reflecting broader debates about monetary sovereignty and financial stability.

Could stablecoins be the future of money?

Businesses in Malaysia are moving beyond traditional contract manufacturing into specialised automated test equipment and related engineering capabilities.

The lesser-known prospects in the Asian chipmaking supply chain

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More