F&N shares fall further despite higher profit

November 9, 2018 | By | Reply More

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PETALING JAYA: Fraser & Neave Holdings Bhd’s (F&N) share price continued to fall by 1.15% this afternoon, despite reporting a higher net profit in the fourth quarter ended Sept 30, 2018 (Q4).

As at 12.05pm, the stock stood at RM34.38 with 106,700 shares changing hands.

In Q4, its net profit surged 313.7% to RM81.2 million from RM19.6 million a year ago, attributed to higher contribution from both F&B Malaysia and F&B Thailand.

Its revenue for the quarter also increased by 2.1% to RM996.6 million from RM976.3 million in the previous corresponding quarter.

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