F&N full-year earnings soar 24% as beverages and dairy products rake in higher revenue

SINGAPORE - Consumer group Fraser and Neave lifted its numbers for the year thanks to due to higher contributions from its beverages and dairies segments.

Earnings before interest and taxes for the beverages unit shot up from $400,000 in 2018 to $6.7 million on the back of higher sales, cheaper sugar and lower manufacturing overheads and marketing spend.

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The Straits Times /  🏆 8. in US

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