KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) posted higher earnings in the last quarter ended Sept 30, boosted by cheaper price of sugar and lower overhead expenses. Net profit in the last quarter rose to RM81.2mil, or 22.2 sen a share on revenue of RM996mil. This lifted its full year earnings to RM385mil compared with RM323mil made a year ago. The company has proposed an interim dividend payout of 30.5 sen a share. To mitigate the risk of volatile input cost, F&N has partially hedged its core commodity requirements for the coming financial year with the corresponding foreign currency exposure.

Source: thestar November 08, 2018 11:37 UTC