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Dairy sales lift F&N's Q2 profit to S$35.9m
Add BT as a preferred sourcePublished Tue, Apr 30, 2019 · 09:50 PM
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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.
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