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F&N posts 2.7% decline in 1H earnings to $71.8 mil, declares 1.5 cent dividend

Uma Devi
Uma Devi • 3 min read
F&N posts 2.7% decline in 1H earnings to $71.8 mil, declares 1.5 cent dividend
Although F&N says its distribution logistics across the markets it operates in remain largely intact and unaffected by Covid-19 disruptions, the group is bracing for weaker consumer demand in its beverage and dairies operations in 2HFY2020.
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SINGAPORE (May 11): Fraser and Neave (F&N) has reported earnings of $71.8 million for 1HFY2020 ended March, down 2.7% from earnings of $73.8 million last year.

This brings earnings per share for the first half of the group’s financial year to 5.0 cents, marginally lower than 5.1 cents a year ago.

Revenue for the period increased 4.8% to $976.7 million from $931.8 million for the corresponding period the previous year. This was primarily attributable to strong performance from the group’s Food & Beverage (F&B) division.

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