The company, which produces soft drinks as well as the well known Tiger beer brand, is also forecasting higher net profit for the full year. “Our target of achieving earnings per share of S$1 by financial year 2003 is still on track,” said F&N’s executive chairman, Michael Fam.
SINGAPORE: Net profit up 7.1% at F&N
Beverage group, Fraser & Neave, reported net profit for the first half of the year of S$103.2m ($57m), up 7.1% from last year's figure of S$96.4m. The company attributed the positive results to continued strong growth from its beverage business and improved returns from its property division.