Fraser & Neave's beer still bubbling: DBS

Earnings from breweries rose by a record 34% to S$112m.

According to DBS, 3Q12 core net profit increased by a meager 2% y-o-y to S$136m, while revenue grew by 4% to S$1.43bn.

Here's more from DBS:

Results were short of our expectations arising from slower revenue recognition from property development as well as one-off rationalisation costs incurred post termination of Coca-Cola’s bottling agreement.

Beer still bubbling but property impacted by FRS115. Breweries continued to record strong growth with EBIT rising 34% y-o-y to S$112m. As a result of strong breweries contribution, coupled with a weaker contribution from property development, F&B accounted for 53% of group’s EBIT, up from 50% in 3Q11.

Notwithstanding a weaker contribution from its property development division, sales continued to be strong, with 2,297 residential units sold in Singapore YTD. In Australia, the group has sold about 476 units. In total, the group has S$3.2bn in unrecognized revenue from pre-sold projects which will be progressively booked over the next few years.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia