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F&N
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rledchg11
Member |
17-Feb-2023 09:57
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' quietly' in accumulation? Nostalgia Investors.... | ||||
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Joelton
Supreme |
08-Feb-2023 09:10
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F& N Q1 net profit falls 29% to S$28.6 million
MAINBOARD-LISTED drinks maker Fraser and Neave (F& N) reported on Tuesday (Feb 7) a 28.8 per cent year-on-year decline in net profit for its first quarter despite higher revenue.
Net profit for the three months ended Dec 31, 2022 fell to S$28.6 million from S$40.2 million in the corresponding period a year earlier, the company said in a business update filing on the Singapore Exchange. On a per-share basis, earnings fell to S$0.02 in Q1 FY23 from S$0.028 in Q1 FY22.
The group&rsquo s profit before interest and taxes also dropped 22.1 per cent on year in the first quarter to S$56.8 million, with the beverages and dairies segments contributing most to the decline.
Beverages earnings tumbled 33 per cent despite better sales as higher input costs and increased advertising and promotion spend impacted profits and margins. Meanwhile, dairies earnings fell 18 per cent, hit by higher input costs.
F& N&rsquo s revenue grew 5.6 per cent on year during the first quarter to S$532.6 million, with beverages contributing most to revenue growth. The group noted that beer sales had doubled, while the execution of festive campaigns and early sell-in for Chinese New Year supported soft drinks growth.
The group had cash of S$345.1 milllion as at Dec 31, 2022, while borrowings stood at S$1.09 billion. F& N had total equity of S$3.4 billion, with gearing at 21.6 per cent, and the group noted it has &ldquo generous debt headroom for acquisitions&rdquo .
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Joelton
Supreme |
11-Nov-2022 11:06
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F& N full-year earnings down 11.1% to S$124.9m despite higher revenue
BEVERAGE and publishing company Fraser and Neave : F99 +1.68% (F& N) on Thursday (Nov 10) announced an 11.1 per cent drop in net profit to S$124.9 million for the financial year ended Sep 30, from S$140.4 million the year before.
This comes despite the company recording a 6.6 per cent year-on-year increase in revenue to S$2 billion from S$1.9 billion, it said in a bourse filing.
Revenue growth was fuelled by its beverages segment, which was lifted by higher beer and soft drinks volumes, higher selling prices and a strong performance in the second half of the financial year, when beer sales almost doubled amid a number of successful promotion campaigns and new product launches.
Revenue from its dairies rose 1 per cent due to the easing of lockdown measures, price adjustments, effective promotions and loyalty programmes.
However, its publishing and printing revenue fell, mainly due to a poor first-half performance as a result of Covid-19 restriction measures.
Earnings per share stood at 8.6 cents for the full year, down from 9.7 cents the year before.
F& N said the outlook for the food and beverage (F& B) industry for the next 12 months looks cautiously optimistic, although headwinds such as persistent inflationary pressure and a possible recession could dampen consumer spending.
To strengthen its business, the company acquired Ladang Permai Damai, which is principally engaged in the cultivation of oil palm, processing of fresh fruit bunches and marketing of crude palm oil, palm kernel and fresh fruit bunches.
The company also completed the privatisation of Cocoaland Holdings in Malaysia Cocoaland is a manufacturer of sugar confectionery products such as fruit gummies, candies, chocolate, wafers and snacks. These acquisitions, together with its recent capital expenditure, will enable it to provide new product offerings, among other things.
In Singapore, F& N will consolidate its F& B operations into its new purpose-built factory and logistics hub in Tuas, which will make its operations more efficient and enable it to scale up.
F& N&rsquo s board is recommending a final dividend of 3.5 cents per share. Together with the interim dividend of 1.5 cents per share paid on Jun 6, this brings the total full-year dividend to 5 cents per share, the same as last year.
If approved by shareholders, the final dividend will be paid on Feb 10, 2023.
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Joelton
Supreme |
06-Aug-2022 13:56
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F& N net profit down 18.3% to S$97.3m for 9M despite higher revenue
BEVERAGE and publishing company Fraser and Neave (F& N) on Friday (Aug 5) posted a 18.3 per cent drop in net profit to S$97.3 million for the 9 months ended June 30, 2022, from S$119.1 million the year before.
This comes despite the company reporting a revenue of S$1.5 billion for the 9 months, up 2.4 per cent from the same period the preceding year, it said in a business update. F& N said revenue growth was fuelled by its beverages segment, lifted by higher beer and soft drinks volume, alongside higher selling prices.
On the other hand, revenue from its dairies segment fell 3 per cent due to &ldquo unfavourable&rdquo foreign currency translation and lower export sales, the group said, though this was offset partly by higher selling prices.
Revenue from its publishing and printing segment fell 8 per cent, mainly on lower textbook adoption in Singapore and Hong Kong, as well as the early termination of learning management system in Singapore, the group said. The segment was also impacted by lockdowns in China, it added.
Profit before interest and tax (PBIT) fell to S$180 milllion from S$219.3 million in the 9 months last year.
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Joelton
Supreme |
10-May-2022 09:36
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F& N issues $140 mil worth of notes with 3% p.a. coupon
The SGD-denominated notes come with a coupon of 3% per annum and will be drawn down under the company&rsquo s $2 billion multicurrency debt issuance programme.
The SGX-ST has already given its approval in-principle.
DBS Bank is the dealer for the notes.
The notes will be listed on the SGX-ST on May 10.
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spursfan
Supreme |
06-May-2022 18:21
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F&N Reports Half-Year FY2022 Financial Results - 1H2022 revenue increased 2 per cent to $1,010.0 million, driven by higher Beverages volumes and price increases - Escalating raw material and energy costs impacted profit 1H2022 PBIT1 decreased 17 per cent to $127.0 million o Dairies profit fell due to high input costs, currency translation and challenging supply chain environment o Publishing & Printing impacted by higher input and utility costs o Offset partly by Beverages? double-digit profit growth due to higher sales and effective cost management measures - Profit after taxation decreased 21 per cent to $92.8 million -Interim dividend of 1.5 cents per share declared, equal to last year... https://links.sgx.com/1.0.0/corporate-announcements/ZMFG8TKDOD425LKB/716156_Press%20Release%201H2022.pdf |
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fundamentalhero
Veteran |
21-Feb-2022 19:34
Yells: "I NEED HONEYS AND MONIES" |
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fury of M & A rearranging. F99 holders sit tight. suspect big announcement coming. either Merger or Acquisition, may delist also since old man quite old already need to consoldilate power | ||||
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Joelton
Supreme |
11-Feb-2022 09:21
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F& N Q1 net profit down 10.9% to S$40.2m
BEVERAGE and publishing company Fraser and Neave F & N: F99 +0.71% saw net profit fall 10.9 per cent to S$40.2 million in the first quarter ended Dec 31, 2021, despite a 1.6 per cent increase in revenue.
In a business update on Thursday (Feb 10), the company better known as F& N attributed the revenue bump - from S$497 million in the year-ago period to S$505 million - to higher demand for beer and soft drinks.
The company said its profit after tax for the quarter was hit by higher finance costs due to the issuance of a S$100 million 5-year term bond at the end of the last financial year to prepare for the refinancing of a bond due March 2022.
It also incurred S$8.1 million in exceptional items, mainly from impairment of inventories and property, plant and equipment as a result of flash floods in Malaysia.
Earnings per share for the quarter stood at S$0.028.
In terms of its product lines, beer brought in higher revenue due to improved route-to-market while recovery in general retail and food services boosted soft drink sales, it said.
Beer profits more than doubled, but earnings from soft drinks grew only marginally due to higher input costs. Earnings from dairy products fell 16 per cent due to " higher input costs and unfavourable foreign currency translation" , it said.
Earnings from its printing and publishing business declined marginally on higher input and utility costs, F& N added.
In terms of geography, revenue growth was largely supported by higher sales in Singapore, while Thailand and Vietnam remained top profit contributors, it said.
The company' s borrowings stood at S$952.8 million and its gearing ratio at 13.7 per cent for the quarter. This gives it " generous debt headroom for acquisitions" , it said.
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LowLow12
Elite |
02-Feb-2022 19:40
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Soft drinks sales go up
Most eat at home and drink from home May rake in revenue and profits
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fundamentalhero
Veteran |
02-Feb-2022 19:31
Yells: "I NEED HONEYS AND MONIES" |
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incoming very huat lo | ||||
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Joelton
Supreme |
02-Feb-2022 11:30
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F& N announced new CEO and other leadership appointments
Beverage and publishing group Fraser and Neave (F& N) has announced Hui Choon Kit as its CEO from Feb 1.
The 57-year-old will &ldquo focus on accelerating the execution of F& N&rsquo s growth strategy and driving the growth of the [its] businesses,&rdquo the group announced in a Jan 31 regulatory filing.
Hui &ndash who joined the group in 2000 &ndash is currently the CFO and company secretary of F& N group. He has also held several leadership positions in corporate planning & business development, corporate communications & special projects, group finance and the corporate secretariat departments.
Meanwhile, the group also announced the retirement of 59-year-old Lee Meng Tat as CEO, non-alcoholic beverages.
Lee &ndash who has been in the role for close to 7 years &ndash has been overseeing the segment&rsquo s operations and investments in Indonesia, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
In another move, 56-year-old Edmund Neo is also set to step down as CEO, beer from Feb 1.
This is to allow him to focus on his leadership role in brand investment in Thailand Beverage (ThaiBev), a shareholder and strategic partner of F& N.
Other appointments announced by F& N include &ndash Christopher Leong as director of group finance and Samuel Lee as company secretary &ndash from Feb 1.
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fundamentalhero
Veteran |
17-Jan-2022 10:44
Yells: "I NEED HONEYS AND MONIES" |
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lai lo lai lo. dong dong chiang! cny raking $$$ for f& n |
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fundamentalhero
Veteran |
11-Jan-2022 19:14
Yells: "I NEED HONEYS AND MONIES" |
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huat dividend in coming for CNY | ||||
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piscesmonkey
Supreme |
07-Jan-2022 18:50
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http://en.theleader.vn/thaibev-hungers-for-multi-sector-investments-in-vietnam-1561535504659.htm
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fundamentalhero
Veteran |
07-Jan-2022 18:35
Yells: "I NEED HONEYS AND MONIES" |
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once others earn money, will full dump here for vinamilk i love vietnam, i love their milk ) 8====D ~~ |
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Linnaeus
Member |
07-Nov-2021 15:30
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Sgx wont be wrong, you are right
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Linnaeus
Member |
07-Nov-2021 15:24
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hehe, why i see the reprort not same as yours, last year is $149.2 million This year earning $140.4 mil, drop
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Lobster
Elite |
05-Nov-2021 18:21
Yells: "Even Adam Khoo believes in the Black Market!" |
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Very few interest in this stock ....
F& N posts resilient FY2021 results |
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Joelton
Supreme |
06-Aug-2021 10:19
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F& N posts 1.0% increase in 9M earnings to $119.1 million
F& B manufacturer Fraser and Neave (F& N), a subsidiary of Thai Beverage, announced in its business update that its 9MFY2021 ended June earnings came in 1.0% higher y-o-y at $119.1 million, while revenue increased by 5.8% y-o-y to $1.5 billion.
Profit before interest and tax (PBIT) was 3.9% higher at $219.3 million, despite PBIT margin declining by some 27 basis points to 15%.
The group&rsquo s revenue growth was mainly thanks to a 5% y-o-y growth in its dairies segment, which remain to be its largest revenue contributor, thanks to higher canned milk sales and strong export to Middle East and Africa, despite subdued on-premise channel demand. During the period, the group also saw higher soft drink and beer sales volumes which helped lift Beverages revenue.
Publishing & Printing revenue grew marginally, to $162.9 million, due to resumption of textbook sales deferred due to the pandemic and lower trade returns supported P& P&rsquo s growth.
Comparing the group&rsquo s market, Thailand and Malaysia remain to be the group&rsquo s largest markets with both countries contributing 36% each to the group&rsquo s overall revenue, followed by 22% from Singapore and 6% from other markets. For the 9MFY2021 period, all markets recorded growth in revenue.
Looking forward, the group intends to strengthen its Halal position. With that goal, it has acquired the Sri Nona Group of Companies for $19 million.
Furthermore, the group is focused on launching new products that are &ldquo healthier choices&rdquo .
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PhillipTan
Supreme |
06-Aug-2021 01:01
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F& N profit edges up 1% for 9M on higher beverage and dairy salesBeverage and publishing company Fraser and Neave (F& N) on Thursday posted a net profit of S$119.1 million in the nine months ended June 30, up 1.0 per cent from the year before on higher beverage and dairy sales.Revenue for the three quarters was S$1.5 billion, up 5.8 per cent from the same period the preceding year, with beverages revenue rising 8 per cent and dairies revenue rising 5 per cent. Profit before interest and tax (PBIT) from beverages rose 76 per cent to S$26.3 million, thanks to Emerald Brewery' s maiden profit contribution, favourable pack mix, savings from cost-cutting measures as well as lower advertising and promotions (A& P). PBIT from the dairies division however, fell 9 per cent to S$190.8 million, due mainly to dairies Malaysia, where freight and input costs rose. Profit share from Vinamilk fell. Dairies Thailand was a bright spot though, as earnings grew 3 per cent on the back of higher sales and lower A& P. This was despite " higher input costs" , said F& N. PBIT from the publishing and printing division was negative S$8.8 million, narrowing from a loss of S$19 million last year. This was due to savings generated from cost-cutting measures. Earnings per share was 8.2 Singapore cents, up from 8.1 cents in the nine months last year. F& N said on Thursday that it expects the Delta variant to impact its business, and will take a cautious outlook for the rest of the year. It is looking to " strengthen its halal position" , and has acquired the Sri Nona Group for cash consideration of RM60 million (S$19 million). " (This acquisition) complements F& N' s current product offering to consumers, as well as builds a new growth pillar." F& N shares fell one cent or 0.7 per cent to S$1.43 on Thursday before the results were announced after market close. |
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