F&N sees tough environment to continue into 2H

CEO Lim Yew Hoe said the group, which has core businesses in the manufacture, sales and marketing of beverage, dairy and food products, would keep a tight rein on costs and adapt to the fluid environment.

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) expects the challenging environment to continue into the second half (H2) of 2022, as high input prices, rising freight costs and geopolitical uncertainties weigh on its margin while rising inflationary pressures may dampen discretionary spending.

In a statement, CEO Lim Yew Hoe said the group, which has core businesses in the manufacture, sales and marketing of beverage, dairy and food products, would keep a tight rein on costs and adapt to the fluid environment.