The overall numbers were weighed down by its publishing and printing segment. For the same six months to March, revenue from this business dropped 14% y-o-y to $96.5 million, no thanks to reduced printing orders and the closure of unprofitable business units.
Fraser and Neave has reported a 2% y-o-y rise in revenue for its 1HFY2024 to $1.07 billion, with its key food and beverage business the key driver.
However, thanks to lower costs, it managed to increase its earnings by 52% to $83.8 million.
