Fraser & Neave has been tipped by analysts to turn in full-year profits in the region of S$232.7m. But F&N reiterated that it was on track to achieve EPS of S$1 for the current financial year. Sales revenues were up 18% to S$3.48 billion on the back of strong beer and property sales. F&N said its soft drink business also performed well.
SINGAPORE: Net up 11% at F&N but APB earnings down
The diversified food and drinks group, Fraser & Neave, posted a net profit for the year to the end of September of S$241.0m ($136.5m), up 11% on last year. However, the company said that earnings from its brewing joint venture, Asia Pacific Breweries (APB), fell by 11% to S$84.9m.