F&N's 9M earnings down 8.2% on pandemic, East Malaysia floods
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Sharanya Pillai
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Singapore
THE net profit of beverage maker F&N fell 8.2 per cent to S$118 million for the nine months ended June, as topline took a hit from lower soft drink sales in Malaysia and printing-plant closures amid the Covid-19 pandemic.
The mainboard-listed firm's revenue for 9M FY2020 dipped 2.9 per cent to S$1.38 billion, due to lower contributions from the beverage and publishing and printing (P&P) segments, which offset a revenue improvement in its dairies business.
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