Higher sales boost F&N earnings

Growth trend: F&N Orange bottles on the conveyor line at its Shah Alam plant. The firm says it will continue to refine its product discounts and pricing to strengthen its business.’s net profit was up 2.4% to RM96.16mil in the third quarter ended June 30, 2021 from RM93.86mil a year ago driven by higher revenue from both its food and beverage companies in Malaysia and Thailand.

Moreover, the revenue was also bolstered by the export business recording a high double-digit revenue growth in the quarter. “Exports to Cambodia and Laos also grew by double digit through promotional campaigns to drive offtake in the trade and in provinces, despite lockdowns in both countries,” added F&N.

“Sales to the out-of-home channels will likely be further impacted. Furthermore, any further uptrend for key commodities cost will put pressure on our efforts to manage profit margins,” it said.

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