KUALA LUMPUR: Fraser & Neave Holdings Bhd
(F&N) recorded a net profit of RM395.16mil in the financial year ended Sept 30, 2021, which was a 3.71% drop from RM410.38mil in the previous year against the backdrop of the Covid-19 lockdowns in Malaysia and Thailand.
The group said the profit decline was owing to higher commodity prices, lower export margins, restructuring and Covid-related expenses and a lower share of profit from an associate.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
