F&N profit rises 9% in Q2 on higher dairy, soft drink sales
It faces tough conditions in Malaysia, with the launch of a sugar tax from July 1
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Singapore
FRASER & Neave (F&N) has posted a net profit of S$54.8 million in the third quarter, up 9 per cent from the same period a year earlier on higher soft drinks and dairy sales.
Revenue in the three months ended June 30 was S$489.7 million, up 6.7 per cent from the same period a year earlier, with beverages revenue rising 11.6 per cent and dairies revenue rising 5.5 per cent.
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