Dairies earnings lead F&N's 24% net profit increase for FY19

CONSUMER group Fraser and Neave on Thursday posted a 23.5 per cent increase in net profit to S$152.6 million for FY19, due to higher contributions from its beverages and dairies segments.

Earnings before interest and taxes for the beverages segment increased multifold from S$400,000 in FY18 to S$6.7 million in FY19, on the back of higher sales, lower sugar prices, and lower manufacturing overheads and marketing spend, while Ebit for the dairies segment rose 19.3 per cent to S$275.5 million due to higher profit contribution of about S$118 million from Dairies Thailand, and a higher profit share of about S$111 million from its Vietnam diary products joint stock company, Vinamilk.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UOL Q3 net profit slips 7% to S$80m on lower property development earningsUOL Group's net profit slipped 7 per cent to S$80 million for the third quarter ended Sept 30 from S$85.7 million in Q3 FY2018, due mainly to lower profit from property development, it said on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hatten Land Q1 profit jumps to RM2.6m on higher earnings from projectsCATALIST-LISTED Hatten Land on Wednesday posted a first-quarter net profit of RM2.6 million (S$0.85 million) for the three months ended Sept 30, more than six times its net profit of RM424,000 in the year-ago period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »