F&N first quarter profit at record $4.9 billion
Fraser & Neave today announced a first quarter net profit of $4.9 billion, which includes a disposal gain of $4.8 billion.
The group disposed of its entire interest in Asia Pacific Breweries in the quarter ended Dec 31.
Revenue for the quarter was $913 million, up 17 per cent from the same quarter a year ago, as growth was recorded across different business segments.
The beverages segment recorded higher revenue due to higher contribution from F&N's breweries.