The food and beverage manufacturer said while the group saw higher sales during the quarter as well as prudent control on advertising and promotion spend, it was offset by commodity price pressures and higher freight costs
PETALING JAYA: Fraser & Neave Holdings Bhd
(F&N) posted a flattish growth of 1.3% in net profit to RM103.51mil for the second quarter ended March 31,2021, from RM102.17mil a year earlier.
The food and beverage manufacturer said while the group saw higher sales during the quarter as well as prudent control on advertising and promotion spend, it was offset by commodity price pressures and higher freight costs.
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