In a filing with Bursa Malaysia yesterday, the food and beverage (F&B) company said quarterly revenue for domestic operations declined by 21.2% with flat monthly sales, unlike previous years where sales increased in the run-up to the Hari Raya festive season.
PETALING JAYA: Fraser & Neave Holdings Bhd
’s (F&N) net profit for its third quarter ended June 30,2020 dropped 18% to RM93.85mil compared with RM114.94mil in the previous corresponding period, due to the adverse impact of the Covid-19 pandemic and movement control order (MCO) measures on consumer demand.
Revenue in the third quarter was lower at RM918.07mil compared with RM1.07bil a year earlier.
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