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F&N Q2 profit hurt by revised Myanmar gain
Published Tue, May 10, 2016 · 09:50 PM
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Singapore
BEVERAGE maker Fraser and Neave (F&N) saw its second-quarter net profit slump 54.1 per cent from restated earnings on a reclassification of profits from its brewery business in Myanmar. This business was sold off in 2015.
Stripping that out, profit from continuing operations were stronger from a year ago…
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