F&N's net profit for 1Q jumps to RM198.79mil on better beverage sales, exports from Malaysia

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Its revenue also improved by 10% to RM1.22 billion from RM1.11 billion previously.

’s net profit jumped to RM198.79 million for the first quarter ended Dec 31, 2022 for the financial year 2023 , from RM92.95 million in Q1 FY2022.

It said growth was driven by beverage sales for the festive season, higher exports from food and beverages Malaysia, the additional contribution fromIt noted the acquisition of Cocoaland was completed on Nov 4, 2022 and is included in the F&B Malaysia segment.

 

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