Revenue for the quarter fell 5.8% to $451.3 million, arising largely from weak consumer sentiment and the absence of contribution from Chinese New Year sales.
SINGAPORE (May 8): Fraser and Neave, the group with interests from beer and beverages to publishing and printing, reported a 67% fall in 2Q earnings to $3.8 million from a year ago.
This was due to higher finance cost due to borrowings to finance the acquisition of Vinamilk shares, weaker Beverages and concentrate sales and higher marketing expenses.
