F&N's first-half profit up 0.3% on higher sales of beer, soft drinks, milk

Beverage company Fraser and Neave (F&N) saw profit grow 0.3 per cent for the first half of its fiscal year ended March 31, on the back of stronger sales of its beer, soft drinks and milk.

- Sue-Ann Tan

The group declared an interim dividend of 1.5 cents per share, unchanged from a year ago. This will be paid on June 6.

"F&N has delivered a resilient performance despite the challenging market environment," said Mr Hui Choon Kit, its chief executive.

"Strong sales, a favourable cost environment and positive forex movements in our F&B (food and beverage) division reflect our ability to navigate external challenges and capitalise on the strengths of our core business."

Asked whether the group was impacted by US tariffs, Mr Hui said: "F&N has minimal business exposure in the US and is therefore not directly affected by the recent tariffs.

"Although we have seen some shipping disruptions, our supply chain continues to function effectively and there are currently no price changes related to the tariffs," he added.