Conglomerate Fraser & Neave said its third quarter net earnings rose 11.7 per cent to S$123.2 million from a year earlier. Revenue for the three months ended June rose 12.3 per cent to S$1.3 billion. F&N said it saw broad-based solid expansion across key businesses. In particular, its Food & Beverage business maintained its strong growth momentum during the quarter, while properties benefited...
Fraser & Neave
Diversified Fraser and Neave (F&N) says its first half profit fell 17 per cent on-year to about S$158 million. Revenue in the same period ending March 31 fell about four per cent to S$2.4 billion. But the company faired a bit better in the second quarter, where profit rose four per cent to S$90 million. The firm says this is due to strong contributions from its food and beverage and commercial...
IT LOOKS like being a business for all seasons. The global economic and financial turmoil has yet to have a major impact on Frasers Hospitality, the serviced apartments arm of Frasers Centrepoint, itself the property division of mainboard listed Fraser & Neave. The firm is certainly playing in the big league; its newest property in China - Fraser Suites Top Glory in Pudong - was formally opened...
Low costs and promising markets pave the way for expansion in Asia, Europe Property crisis or not, Frasers Hospitality is dead-set on rapid expansion, planning within the next 15 months to double the number of service apartments it owns and operates. The company, an offshoot of food and beverage mainboard-listed blue chip Fraser & Neave, is looking to set up its own procurement unit for central...
Frasers Hospitality - the property arm of mainboard-listed Fraser & Neave - is planning to grow its presence in the emerging markets of China, India and Vietnam. Revealing this at a news briefing on Thursday, Frasers said it plans to add about 5,000 serviced apartment units to its portfolio over the next two years. It is scheduled to open 10 new properties this year, and another 25 over 2009 and...
Emerging markets are a part of its expansion plan Frasers Hospitality, Asia’s second-biggest serviced-apartment operator behind CapitaLand’s Ascott Group, is in talks to set up private equity funds to invest in China, India and South-east Asia after delaying its planned share sale. The company, which expanded its portfolio eight-fold to 3,287 apartment units in the past decade, is raising funds for...