Beverage revenue rose 5.2% following the acquisition of a vending business in July, the introduction of new products and the distribution expansion in Myanmar and higher pre-Lunar New Year sales of Chang beer.
SINGAPORE (Feb 8): Fraser & Neave has reported earnings of $22.4 million for 1Q17, a 12.1% decrease from the $25.5 million reported in the previous corresponding quarter.
Group revenue for the quarter to December rose marginally to $495 million on higher revenue contributions at its beverages and dairy business segment, offset by the lower revenue at its printing and publishing business.
