KUALA LUMPUR: Fraser & Neave Holdings Bhd net profit for the first quarter ended Dec 31, 2010 rose 37.74% to RM107.08 million from RM77.74 million a year ago, driven by higher revenue and tax incentives enjoyed by its'' Dairies plant in Rojana, Thailand.
It said on Monday, Feb 7 revenue for the quarter crossed the billion ringgit mark to RM1.03 billion from RM882.61 million in 2009.
Reviewing its performance, F&N said soft drinks revenue growth accelerated by 25% on account of continued strong demand across all product categories, an earlier Chinese New Year sales window and incremental sales from new product variants.
It said the group had recently introduced several new fruity teas under Seasons and juice drinks under Fruit Tree in PET bottle.
Redbull energy drinks distribution, which had not started during the corresponding quarter last year, further added to the growth, it said.
The company said its dairies' division revenue grew 12% contributed mainly from broad-based volume growth in Thailand and Indochina.
It said on Monday, Feb 7 revenue for the quarter crossed the billion ringgit mark to RM1.03 billion from RM882.61 million in 2009.
Reviewing its performance, F&N said soft drinks revenue growth accelerated by 25% on account of continued strong demand across all product categories, an earlier Chinese New Year sales window and incremental sales from new product variants.
It said the group had recently introduced several new fruity teas under Seasons and juice drinks under Fruit Tree in PET bottle.
Redbull energy drinks distribution, which had not started during the corresponding quarter last year, further added to the growth, it said.
The company said its dairies' division revenue grew 12% contributed mainly from broad-based volume growth in Thailand and Indochina.
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