F&N reports higher revenue but costs weigh down earnings, to pay 3.5 cents final dividend

Fraser and Neave has reported revenue of $993.2 million for its 2HFY2022 ended Sept 30, up 12% y-o-y from $890.6 million in the year earlier period, as it generated higher sales. However, earnings for the same period was down slightly by 1.6% y-o-y to $60.8 million, as higher costs bite.

Fopr the full year, the company reported earnings of $129.4 million, versus $145.2 million recorded for the preceding FY2021. Revenue in the same period was $2 billion, versus $1.88 billion.