BERNAMA - F&N OPTIMISTIC TO ACHIEVE BETTER GROWTH IN 2H 2023 bernama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bernama.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Fraser and Neave Holdings Bhd (F&N) anticipates better growth for the second half of 2023 (2H 2023), underpinned by strong domestic demand in Thailand, an influx of tourists from China, and contribution from Cocoaland Holdings Bhd.
KUALA LUMPUR: Fraser and Neave Holdings Bhd’s (F&N) net profit rose to RM101.18 million in the second quarter ended March 31, 2023 (2Q FY2023), from RM93.87 million a year earlier, driven by better performance in its food and beverages business units.
KUALA LUMPUR: Fraser & Neave Holdings Bhd’s (F&N) net profit jumped to RM198.79 million for the first quarter ended Dec 31, 2022 for the financial year 2023 (1Q FY2023), from RM92.95 million in Q1 FY2022.
Notable filingsFilings on April 9 showed Bioenergy Holdings Sdn Bhd disposing of 10.5 million shares in Asia Bioenergy Technologies Bhd (Asiabio) between April 3 and 7, effectively reducing its stake in the company to 53.6 million shares or 21.4% equity interest. Asiabio said last week that its investment company, Grand Inizio Bhd, had submitted an application to be listed on the Mesdaq Market. An April 10 filing revealed that Lau Kim Chew had ceased to be a substantial shareholder of Cocoaland Holdings Bhd following the sale of his shares in Leverage Success Sdn Bhd, which owns 79.7 million shares, or a 66.3% stake, in the company. According to the filing, Lau now holds less than 15% of Leverage Success. According to an April 8 filing, Singapore-based Arisaig Asean Fund Ltd disposed of 15.6 million shares in Hektar Real Estate Investment Trust, ceasing to be a substantial shareholder of the property trust. Arisaig had at one point owned 18 million shares, or 5.64% equity interest, in