F&N net profit up 6% in first quarter on Thai unit tax incentives

The healthy and famous in food & beverage

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) posted a 6.6% increase in net profit to RM136.81mil in the first quarter ended Dec 31,2020, from RRM128.3mil a year earlier.

In a filing with Bursa Malaysia, the group attributed the growth to tax incentives enjoyed by its subsidiary in Thailand.