SUBSCRIBERS
F&N posts 12% drop in first-quarter earnings to S$22.4m
Published Wed, Feb 8, 2017 · 09:50 PM
Singapore
WITH higher operating expenses outweighing revenue gains, Fraser and Neave Limited (F&N) posted a 12.1 per cent drop in net profit for the first quarter ended Dec 31, 2016 to S$22.44 million.
Revenue for the quarter rose 0.2 per cent to S$495 million, as an overall revenue increase in the beverages and dairies segments made up for the drop in print and publishing and others.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Wall St opens higher after Fed leaves interest rates alone
DBS customers unable to log into Digibank, PayLah! on Thursday
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Moody's tops quarterly profit estimates on strong product demand
Hong Kong regulator brings insider trading charges against Segantii and its founder
Novartis to buy radiology specialist Mariana Oncology for US$1 billion