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F&N H1 net profit dips 2.7% to S$71.8m

Annabeth Leow

Published Mon, May 11, 2020 · 09:50 PM

Singapore

MAINBOARD-LISTED drinks maker Fraser and Neave (F&N) saw net profit dip in the six months to March 31, no thanks to finance costs to fund its Starbucks Thailand investments.

Earnings slipped by 2.7 per cent year on year to S$71.8 million for H1FY2020, even as revenue rose by 4.8 per cent to S$976.7 million, the group reported on Monday.

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