F&N Q2 net slips amid bittersweet growth in beer

Singapore

FRASER and Neave's (F&N) second-quarter comparable profit slipped 1.5 per cent before exceptional items despite a bubbly beer business, the food and beverage company announced on Thursday.

Profit from continuing operations and before exceptional items was S$25.7 million for the three months ended March 31, which led half-year profit to ease 1.3 per cent year-on-year to S$61.4 million.

But that was before a one-off valuation gain of S$21 million that was recorded in the quarter ended March 2014, and did no…