F&N Q1 net profit rises 4.6% to S$39.7m

Singapore

FRASER & Neave (F&N) on Thursday saw first quarter net profit rise 4.6 per cent to S$39.7 million on the back of higher revenue across all segments, but warned of continued competition as well as volatile material prices.

Revenue for the quarter ended Dec 31, 2019, was up 8.8 per cent year on year to S$505.2 million, lifted by better showings in all segments including beverages, dairies, and printing and publishing.