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F&N reports 16.3% rise in 1Q earnings to $26.1 mil on Vinamilk contribution

PC Lee
PC Lee • 2 min read
F&N reports 16.3% rise in 1Q earnings to $26.1 mil on Vinamilk contribution
SINGAPORE (Feb 9): Fraser and Neave (F&N) reported a 16.3% rise in 1Q18 earnings to $26.1 million from $22.4 million a year ago.
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SINGAPORE (Feb 9): Fraser and Neave (F&N) reported a 16.3% rise in 1Q18 earnings to $26.1 million from $22.4 million a year ago.

1Q18 revenue fell 1.6% to $487 million from $495 million as higher dairy sales in Malaysia, Thailand, ice cream and new markets failed to compensate for the 16% decline in soft drink sales mainly in Malaysia.

Beverages revenue fell 16% to $117 million, dairies revenue rose 5.2% to $293.0 million while publishing & printing revenue dipped 0.2% to $77 million.

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