F&N posts strong second-quarter earnings

PETALING JAYA: Food and beverage (F&B) manufacturer Fraser & Neave Holdings Bhd (F&N) is “cautiously optimistic” as it heads into the second half of its financial year 2023 (FY23) ending Sept 30, believing that its strategic decisions have given the company a firm footing to defend margins, strengthen its brands and enable future growth.

On the other hand, the group said while prices of some commodities have begun to stabilise, the price of tin plates and cans, milk and palm oil as well as sugar is expected to remain high in 2023.