F&N posts 7% fall in full-year net profit to $835.6m

Fraser and Neave (F&N) posted a 6.9% fall in full-year net profit to $835.6 million from $897.8 million a year ago.

Excluding fair value adjustment of investment properties and exceptionals, full-year net profit would have dropped 26.5% to $472.3 million from $643 million a year ago.

Revenue for the same period fell 12.3% to $5.57 billion.

A final ordinary dividend of 12 cents per share has been recommended, the same as last year’s.