KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) reported lower revenue and operating profit in the first quarter ended Dec 31 due to Covid-19 challenges and higher raw material prices, but tax incentives enjoyed in Thailand boosted the group's bottomline.
Net profit rose to RM136.8mil compared with RM128.3mil made a year ago. Sales fell to RM1.08bil from RM1.11bil.
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