Fraser and Neave F & N Beverages Dairies

F&N (Fraser and Neave), organizes its businesses into three main segments:
1. Beverages,
2. Dairies
3. Printing & publishing (MARSHALL CAVENDISH)

Breweries segment remove from F&N’s financials in FY2013 when F&N had sold its stake in Asia Pacific Breweries (home of the popular Tiger brand of beers) to Heineken N.V. in 2012.

Development and Commercial property business segments taken away from the listing of Frasers Centrepoint Ltd on 9 January 2014.
(The listing saw shareholders of F&N receiving two shares of Frasers Centrepoint for each share of the former that they own. F&N would no longer have any financial stake in Frasers Centrepoint)

F&N’s major shareholder Thai Beverage Public Company Limited

F&N Holdings Bhd (Malaysia-listed subsidiary), has signed agreements with the Nestlé Group to manufacture and distribute consumer food brands such as Carnation, Bear Brand, Bear Brand Gold, Ideal Milk, and Milkmaid in ASEAN nations including Thailand, Malaysia, Brunei and Singapore.   The new agreements, which are an extension of previous licenses granted by Nestlé in early 2007, allow F&N to continue manufacturing, promoting, selling, and distributing products for a period of 11 years and 7 months, with a right to extend the contract for another 10 years till 31 January 2037.

F&N Beverages Brands

100PLUS isotonic drinks, 

NUTRISOY soya milk, 

Sparkling drinks, 

ICE MOUNTAIN bottled water, 

NUTRIWELL Asian drinks, 

SEASONS Asian drinks and fruit teas, 

FRUIT TREE juice drinks 

F&N Dairies Brands

MAGNOLIA, 

CANNED MILK

FARMHOUSE, 

DAISY, 

FRUIT TREE FRESH, 

NUTRITEA 

aLIVE.

8 Feb 2017

Oct 2016
Fraser and Neave reported earnings of $108.1 million for FY16, a 82.9% decrease from the earnings of $632.6 million in FY15 which was boosted by the one-off $541.5 million gain from the sale of its 55% stake in Myanmar Brewery.
Excluding discontinued operations, earnings doubled during the year, on the back of lower input costs, higher interest income and the absence of exceptional charges.

Revenue fell 6.7% to $1.98 billion, on the back of the foreign exchange translation losses on the sales of soft drinks and dairy products in Malaysia.

Beverages segment, pre-tax earnings fell 39.8% due to the decline in sales revenue, the cessation of Red Bull energy drink sales, and higher advertising and promotional expenses.

Dairies segment, pre-tax earnings rose 72.5% to $118.7 million on lower commodity costs, a favourable product mix, recovery of withholding tax and better operational efficiencies.

Printing and publishing segment, pre-tax losses fell by $10.1 million to $5.2 million, after a restructuring exercise to reduce the segment’s operating cost base. There was also a decrease in inventory provision, improved scale efficiencies, and strict cost control measures in place.

Jan 2017

Earnings of $22.4 million for 1Q17, a 12.1% decrease from the $25.5 million reported in the previous corresponding quarter.
Group revenue for the quarter to December rose to $495 million on higher revenue contributions at its beverages and dairy business segment, offset by the lower revenue at its printing and publishing business.

Beverage revenue rose 5.2% following the acquisition of a vending business in July, the introduction of new products and the distribution expansion in Myanmar and higher pre-Lunar New Year sales of Chang beer.
However, the segment's pre-tax earnings fell 19.7% on higher raw material costs, higher promotional expenses and a weaker ringgit.

Dairies revenue rose marginally on stronger sales of its yogurt products which led to 5.3% higher pre-tax earnings to $39.4 million on the back of favourable milk-based commodity prices.

Printing and publishing continued to have a challenging quarter as revenue fell 8.3% to $77.3 million, on lower magazine print volumes at its printing business and lower demand of its publishing business. The segment recorded pre-tax losses of $2.3 million, compared with pre-tax earnings of $2.5 million in 1Q16.