KUALA LUMPUR: Beverage maker Fraser & Neave Holdings Bhd
posted improved revenue in the March quarter, but said higher commodity prices and shipping freight rates have impacted its profit margin.
"Commodity prices are on the uptrend and expected to rise further," Chief Executive Officer Lim Yew Hoe said in a statement today.
"Regardless of the situation, we will continue to develop our rich portfolio of brands and expand our geographical presence, while adapting and refining our strategies to constraints imposed by the pandemic,” he added.
For second quarter ended March 31, F&N revenue grew 8.6% o RM1.09bil, supported by steady domestic sales and higher exports.
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!
