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F&N posts 9.5% drop in FY2022 earnings to $176.9 mil

Samantha Chiew
Samantha Chiew • 3 min read
F&N posts 9.5% drop in FY2022 earnings to $176.9 mil
F&N sees lower FY2022 earnings despite higher revenue.
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F&B manufacturer Fraser and Neave (F&N) announced that its FY2022 ended September earnings came in at $176.9 million, some 9.5% lower compared to the previous year’s $195.5 million.

This brings earnings per share to 8.9 cents, down from 10.0 cents in the previous year.

This came on the back of revenue increasing by 6.6% y-o-y to $2.0 billion from $1.9 billion a year ago. This was boosted by the group’s strong 2HFY2022 performance, which saw revenue grow 11.5% y-o-y to $993.2 million.

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