F&N posts modest Q1 growth without its property business
FRASER and Neave (F&N) posted a modest 3.2 per cent increase in its first-quarter net profit from continuing operations and before exceptionals, as weaker printing profits took a bite out of stronger food and beverage earnings.
Posting its first results since the January separation of its properties business into newly listed Frasers Centrepoint Ltd (FCL), the diversified group said yesterday that non-exceptional profit attributable to shareholders from continuing operations edged higher to $36 million, or 2.5 cents per share, in the three months ended December. That excluded a $56.9 mi…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling