Fraser and Neave reports 12.4% fall in 3Q earnings to S$50.3 mil with dairies being key contributor

-A +A

SINGAPORE (Aug 7): Fraser and Neave, the beverage, dairies and publishing company, reported a 12.4% fall in 3Q18 earnings to S$50.3 million, from a year ago.

If S$1.2 billion one-off recognition of fair value reserves in 3Q17 was included, 3Q18 earnings would have fallen 96%.

Revenue for 3Q18 ended June inched up 0.4% to S$485 million from a year ago, driven by strong dairies sales and favourable...(click on link for full story on theedgesingapore.com)