KUALA LUMPUR: Fraser & Neave Holdings Bhd posted net profit of RM131.98 million in the second quarter ended March 31, 2011 versus RM85.23 million a year ago, boosted by the sale of a college building.
It said on Thursday, May 5 that revenue was RM1 billion compared with RM872.09 million. Earnings per share were 36.80 sen versus 23.90 sen.
It declared a special interim single tier dividend of 15 sen per share and an interim single tier dividend of 20 sen per share.
'Group revenue for the quarter was 16% ahead of the corresponding quarter last year on continued strong sales momentum of soft drinks division and sale of the college building under the Fraser Business Park (FBP) development project,' it said.
F&N said its soft drinks division's revenue increased by 19% compared with last year on account of successful festive promotions and incremental sales from new teas, juice product variants and Redbull energy drinks.
As for the dairies division, revenue was flat. Improved sales in Thailand and Indochina were offset by lower volume in Malaysia as the market adjusted to the price increase implemented in January 2011 to pass on cost increase caused by the selective removal of sugar subsidies.
The sale of the college building contributed revenue of RM60 million to the group.
'Group operating profit increased 58% over the previous year mainly attributed to better performance in soft drinks division and the realisation of profit from the remaining PROPERTIES [] in FBP via the divestment of Brampton,' it said.
It said on Thursday, May 5 that revenue was RM1 billion compared with RM872.09 million. Earnings per share were 36.80 sen versus 23.90 sen.
It declared a special interim single tier dividend of 15 sen per share and an interim single tier dividend of 20 sen per share.
'Group revenue for the quarter was 16% ahead of the corresponding quarter last year on continued strong sales momentum of soft drinks division and sale of the college building under the Fraser Business Park (FBP) development project,' it said.
F&N said its soft drinks division's revenue increased by 19% compared with last year on account of successful festive promotions and incremental sales from new teas, juice product variants and Redbull energy drinks.
As for the dairies division, revenue was flat. Improved sales in Thailand and Indochina were offset by lower volume in Malaysia as the market adjusted to the price increase implemented in January 2011 to pass on cost increase caused by the selective removal of sugar subsidies.
The sale of the college building contributed revenue of RM60 million to the group.
'Group operating profit increased 58% over the previous year mainly attributed to better performance in soft drinks division and the realisation of profit from the remaining PROPERTIES [] in FBP via the divestment of Brampton,' it said.
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