Chief executive officer Datuk Ng Jui Sia said F&N’s core business in food and beverage remained robust, with an uninterrupted momentum amidst the recovering regional economies and improved domestic sentiment.
“The increase in operating profit is attributed to the volume expansion achieved by the soft drinks division and the favourable raw material costs enjoyed by the dairy business during the first half of the financial year. Our soft drinks and dairy sales collectively grew by 11%, boosted by stronger volume demand,” he said.
Did you know?
The Coca-Cola Company is building a new plant in Malaysia, allowing its existing franchise agreement with Fraser and Neave to expire in September 2011. The company’s contract with Fraser and Neave – worth $127m – included the bottling and distribution of the Coca-Cola and Sprite brands.
Source: Fraser & Neave
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