PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) posted higher revenue of RM1.26 billion for its fourth quarter ended Sept 30, 2024 (Q4’24) compared t...
Fraser & Neave Holdings Bhd posted higher revenue of RM1.26 billion for its fourth quarter ended Sept 30, 2024 compared to RM1.24 billion in the corresponding quarter last year.
Group operating profit for Q4’24 declined by 27.9% to RM119.9 million attributed to startup costs from its integrated dairy farm, restructuring costs, unrealised foreign exchange losses and lower profit contribution from F&B Thailand. This was partly offset by a higher profit contribution from F&B Malaysia.
CEO Lim Yew Hoe said, “Q4 also reflects a period of strategic adjustment across all our business units, where we optimised trade inventory, realigned marketing investments, and managed restructuring costs. These targeted actions were undertaken to ensure an optimum start to our financial year 2025.” Meanwhile, the group sustained its growth for the full financial year of 2024 with revenue increasing 4.9% to RM5.25 billion, up from RM5 billion last year. This is primarily fuelled by higher domestic sales from F&B Malaysia and F&B Thailand, and exports to Cambodia.
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