One-offs obscure F&N's core Q2 growth

Singapore

WHAT is left of Fraser and Neave's (F&N) core business earned 34.2 per cent more in the second fiscal quarter before exceptional items, the beverage maker said yesterday.

And what a lot of exceptionals. With all the restructuring that has happened ever since a change in control in 2013, F&N's financial statements have been peppered with one-time items that have complicated year-on-year comparisons.