PETALING JAYA: Beverage company Fraser & Neave Holdings Bhd (F&N) expects better earnings in its current financial year ending Sept 30, 2018, following a disappointing financial performance in 2017. F&N chief executive officer Lim Yew Hoe said the company is optimistic about its earnings prospects this year as it intended to launch new products, cut down costs and ramp up its export business. “Financial year 2018 for F&N Malaysia will be the year that we drive profitability and growth,” he told reporters at a media briefing yesterday. F&N posted lower earnings of RM323.37mil in the financial year ended Sept 30, 2017 due to restructuring costs in the fourth quarter and lower revenue in the Malaysian operations. This has also offset the stronger contributions from the Thailand segment where its dairy products are enjoying better response.

Source: The Star November 08, 2017 23:48 UTC