Conglomerate Fraser and Neave (F&N) on Friday said it is looking to expand its food and beverage business in a bid to rebalance profit contributions from its other businesses. For the half-year ended in March, F&N booked a nearly 12 percent rise in earnings on-year to S$205 million. Revenue rose by the same margin to S$2.5 billion. The property business is driving growth for F&N. Commercial...
F&N
Is it a question of finding the right person or deciding on a new direction first? IT HAS been more than six months since local food and beverage giant, Fraser and Neave (F&N) has been without a full-time chief executive officer following the hasty departure of Dr Han Cheng Fong last October. Mr Lee Hsien Yang assumed the post of chairman in the middle of that same month and has since...
Fraser and Neave (F&N) has delivered a 33 per cent rise in first quarter profit to S$103 million. It attributed the strong performance to contributions from its property developments, including the Soleil @ Sinaran project in Singapore and other overseas projects. Revenue for the first quarter rose 19 per cent year-on-year to S$1.3 billion. F&N also plans to launch the sale of two other projects...
District 9 luxury freehold project St Thomas Suites, that Frasers Centrepoint Homes is launching this weekend, will have two 33-storey towers and most of the units are large — ranging from 1,800 to 2,600 sq ft. There are also two penthouses measuring 7,000 sq ft, both of which have already been taken up by Singaporean buyers. Even before the public launch of the project, demand from existing clients...