F&N's revenue up for 9MFY2022 but earnings down from higher costs

As a result, earnings was down 18.3% y-o-y to $97.3 million.

The company has announced two on-going acquisitions, to be completed.

First, it plans to pay RM216 million for Ladang Permai Damai, which will give it a bigger presence in the milk market in Malaysia.

Next, F&N is ready to spend RM488 million to acquire the remaining 72.3% it did not already own in Cocoaland Holdings, a confectionery and snacks maker.

See also: Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil

F&N closed at $1.30 on Aug 5, down 0.76%.