KUALA LUMPUR: Fraser & Neave Holdings Bhd
(F&N) posted a lower net profit of RM395.16mil for the financial year ended Sept 30, 2021 (FY21) from RM410.38mil in FY20.
The food and beverage (F&B) group attributed the lower earnings to higher commodity prices, reduced export margins, company restructuring and Covid-19-related expenses as well as a lower share of profit from an associate.
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