4 Dividend-Paying Singapore Food and Beverage Stocks That Could Deliver Delicious Returns: Fraser and Neave Ltd
Fraser and Neave, or F&N, is a Southeast Asian consumer group with F&B categories in Beer, Dairies, and carbonated soft drinks.
The group owns some of the most recognisable drinks brands such as Magnolia, 100Plus, and Nutrisoy.
F&N released its fiscal 2023’s first half (1H FY2023) earnings ending 31 March 2023.
Revenue inched up 3.5% year on year to S$1.05 billion with gross profit increasing 3.8% year on year to S$296.6 million.
Net profit excluding exceptional items fell by 19.8% year on year to S$55 million.
Despite the fall in profit, F&N generated a positive free cash flow of S$71.5 million for 1H FY2023.
An interim dividend of S$0.015 was declared, similar to what was paid out a year ago.
F&N has secured extended rights for Nestle’s $NESTLE S.A SPONS (NSRGY.US)$ Bear brand sterilised milk in Cambodia, helping to boost its market presence in Indochina.
These rights are effective until 2027.
The group also recently refreshed the packaging for its fresh milk and fresh soya milk cartons and has lined up a slew of sponsorships for this calendar year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
AK_Tan : Hi, may I ask how to check the dividend payout for the stock? I see now the interface is deferent. last time check under event to see the dividend