KUALA LUMPUR: On the back of strong earnings results in its latest quarter, Fraser & Neave Holdings Bhd (F&N) is displaying resilience during the pandemic and is expected to record stronger earnings moving into the year-end.
According to Kenanga Research, the beverage maker s 9MFY21 results were above expectations at 80% and 78% of its and consensus full-year estimates, considering the prevailing restrictions as compared to the previous corresponding period.
As the vaccination rate in Malaysia grows and herd immunity is targeted for December, F&N s earnings are expected to receive a boost in the months ahead. Premised on the ease of restrictions coupled with year-end activities
F&N net profit up 6% in first quarter on Thai unit tax incentives thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.