F&N notes that the higher revenue for beer was driven by improved route-to -market while a recovery in general retail food services boosted sales for soft drinks.
Beverage and publishing company Fraser and Neave (F&N) saw a 10.9% drop in its net profit to $40.2 million in 1QFY2022 ended Dec 31 2021, from the $45.1 million in the year before.
This comes despite a 1.6% uptick in the company’s revenue to $496.5 million in 1QFY2022, thanks to higher demand for beer and soft drinks.
