Thursday, February 7, 2013

F&N first quarter profit at record $4.9b

Fraser & Neave has announced a first quarter net profit of $4.9 billion, which includes a gain of $4.8 billion from the disposa; of its entire interest in Asia Pacific Breweries.

Revenue for the quarter was $913 million, up 17% from the same quarter a year ago, as growth was recorded across different business segments.

The beverages segment recorded higher revenue due to higher contribution from F&N's breweries.

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