Excellent Year

摘要

Fraser and Neave (F&N) have reported a strong increase in full-year profits. For the year to the end of September, net profits amounted to US$1.11bn, an 87.6% jump on the previous year. Profits before tax improved to $1.15bn, the company reported.The Singapore-based firm realised exceptional gains of 5175m in the period as a result of corporate and debt restructuring, as well as its share of the sale of its interest in Kingway Brewery Holdings in May. Net sales in the period climbed by 10% to $6.27bn.