F&N's Q1 net profit up 16.3%
Singapore
FRASER and Neave (F&N) posted a net profit of S$26.1 million for the first quarter ended Dec 31, 2017, up 16.3 per cent from a year ago, due to strong performance from the group's associate company, Vietnam Dairy Products Joint Stock Company.
Revenue slid 1.6 per cent to S$487.1 million, impacted by a 16 per cent dip in revenue in its beverages segment.
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