Floating Button
Home Capital Results

F&N profit after tax up 19.1% y-o-y to $181 mil in 9MFY2024

Jovi Ho
Jovi Ho • 2 min read
F&N profit after tax up 19.1% y-o-y to $181 mil in 9MFY2024
$198.0 million of loans are maturing within a year. Photo: F&N
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.
“yang” éfact "yang"

Mainboard-listed Fraser and Neave (F&N) has posted revenue of $1.61 billion, up 2.1% y-o-y, for the nine months ended June 30. 

Gross profit rose 14.0% y-o-y to $524.8 million during the 9MFY2024 period, while profit before interest and tax rose 35.45% y-o-y to $238.7 million. 

Profit after tax rose 19.1% y-o-y to $181.0 million in 9MFY2024, while profit attributable to shareholders rose 37.3% y-o-y to $123.0 million. 

Earnings per share during the period rose 35.5% y-o-y to 8.4 cents. 

By geography, Singapore revenue stayed flat at 20% of total revenue and was boosted by higher soft drinks and dairies.

Thailand’s revenue, flat at 31%, grew in absolute terms due to favourable sales mix and increased domestic and Indochina volumes.  

See also: Fraser & Neave's 1HFY2024 earnings jump despite flattish revenue thanks to lower costs

Malaysia’s revenue was impacted by a weaker ringgit In constant currency terms, falling from 40% of total revenue to 39%. That said, absolute revenue rose 4% y-o-y, driven by higher contribution from the food segment and increased soft drinks volume.

F&N has reported total assets of $5.07 billion and total liabilities of $1.74 billion. 

The group’s gearing has fallen to 19.8% as at June 30 compared to 20.6% at the end FY2023, or Sept 30, 2023. 82% of its debt is on fixed rates, while 18% are on floating rates. 

See also: Fortress Minerals earnings for 1QFY2026 up 7.2% y-o-y to US$2.48 mil

The group has $490.5 million in cash and $1.15 billion in borrowings as at June 30. $198.0 million of loans are maturing within a year. 

Shares in F&N closed 3 cents higher, or 2.66% up, at $1.16 on Aug 6.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2025 The Edge Publishing Pte Ltd. All rights reserved.