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F&N's Q1 profit rises 47.5%
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Published Mon, Feb 11, 2019 · 09:50 PM
Singapore
A HIGHER share of associated companies' profits lifted results for Fraser & Neave (F&N) in its first quarter. The group posted a 47.5 per cent increase in net profit to S$37.9 million for the three months ended Dec 31, 2018.
Revenue inched up 0.4 per cent to S$464.4 million from a year ago. Revenue from its beverages business increased 7.6 per cent due to growth in Soft Drinks Malaysia and Soft Drinks Singapore, with main contributions from 100PLUS and F&N CSD on the back of strong activations and promotions as a result of early sell-in for Chinese New Year 2019 festivities.
