F&N posts bet­ter Q2 per­for­mance

New Straits Times - - Business -

KUALA LUMPUR: Fraser & Neave Hold­ings Bhd’s (F&N) pre-tax profit for the sec­ond quar­ter ended March 31 2017 rose to RM116.8 mil­lion from RM107.6 mil­lion in the same pe­riod last year. Rev­enue de­creased to RM992.7 mil­lion from RM1.01 bil­lion pre­vi­ously, ac­cord­ing to its fil­ing to Bursa Malaysia yes­ter­day. The group said input costs in sub­se­quent quar­ters for Thai­land and Malaysia are ex­pected to in­crease fol­low­ing the up­trend in pack­ag­ing, milk pow­der and su­gar prices.

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