Its press release cum presentation slides said that the allocation would be used for expansion of its plants, including the evap line in Rojana, Polyethylene Terephthalate (PET) line in Shah Alam, UHT line in Kuching, cold aseptic PET line and warehouse in Shah Alam as well as the mineral water plant in Bentong.
KUALA LUMPUR: Consumer company Fraser & Neave Holdings posted net profit of RM127.28mil in the first quarter ended Dec 31, 2016 – which was an improvement on-quarter – but it did caution that the economic environment in Malaysia and Thailand is expected to remain soft.
Group profit before tax fell 16.2% to RM144mil from RM171.8mil mainly due to organisational restructuring costs incurred in the quarter and the realisation of the foreign exchange gain of RM18.2mil on the early redemption of the zero-coupon bond by F&N Dairies (Thailand) Ltd a year ago.
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