Singapore’s third biggest conglomerate, Fraser & Neave Ltd (F&N), reported a 38% jump in full-year profit yesterday, propelled by higher sales of property and soft drinks, and strong Asian demand for its beer.
For its financial year to Sept 30, the 120-year-old group chalked up a net profit of S$333mil, compared with S$241mil the prior year, on 4.5% higher revenue of S$3.6bil.
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!
