Revenue for the FY2023 rose by 4.8% y-o-y to $2.10 billion while gross profit rose by 8.6% y-o-y to $623.0 million. The higher revenue was supported largely by the group’s beverages businesses but offset by the unfavourable foreign exchange (forex) rates.
Fraser & Neave has reported earnings of $133.3 million for the FY2023 ended Sept 30, 3.0% higher y-o-y. The group’s earnings for the 2HFY2023 rose by 28.3% y-o-y to $78.0 million.
Revenue for the 2HFY2023 rose by 6.1% y-o-y to $1.05 billion while gross profit rose by 13.3% y-o-y to $326.4 million.
