Fraser and Neave profit rises 37.3% YoY to $123M in 9M 2024

Its F&B segment helped boost its profit.

Fraser And Neave (F&N) Limited saw its attributable profit rise 37.3% YoY to $123.0M in 9M 2024, fueled by its F&B segment.

In a bourse filing, F&N said its F&B earnings grew 37% YoY in constant currency.

Apart from higher attributable profit, the company saw its profit before interest and taxes (PBIT) jump 35.4% YoY to $238.7m.

The dairy segment accounted for 82% of the PBIT, driven by earnings increases across all core markets, fueled by higher sales and an improved cost environment.

With higher attributable profit and PBIT, the e4arnigs per share also rose 35.5% to $0.084.

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