F&N net profit at RM395.2mil in FY21, recommends 33 sen dividend

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.