Fraser

Fraser & Neave Holdings Bhd (F&N) reported lower earnings of RM323.37mil within the year complete on 30th September 2017. It’s proclaimed that 2017 earnings fell 16% from RM385.37mil in 2016. Its revenue unfit nearly 1.6% to RM4.10bil from RM4.17bil. According to their Chief Operating Officer, they most impacted to the rising of the commodities cost especially of the sugar in Malaysia. Since the revenue has been dropped y-o-y, F;N has been planned to focus on their core product and exports to Thailand, Vietnam and Indochina. They’re confidence with the export of their product will increase the income as well. They’re also focus with dairies product especially with Thailand and Vietnam market.