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Bottom's down: F&N's beverage earnings crashed 77% to $2.1m

Singapore Business Review
Bottom’s down: F&N's beverage earnings crashed 77% to $2.1m

It’s crumbling under competition pressure in home markets.

Fraser and Neave (F&N)'s beverage segment failed to spark a turnaround in the past quarter as it continues to be weak.

According to DBS Group Research, the group's beverage revenue dropped 17.1% due to the competitive pricing pressures in Singapore and weak consumer sentiment in Malaysia.

Meanwhile, beverages earnings before interest and taxes were only $2.1m, compared to $9m last year.

This is due to slower sales, higher input prices and competition in its home markets.



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