F&N expects better performance in 2nd half 2023

Fraser and Neave Holdings Bhd (F&N), the manufacturer of soft drinks, dairy and food products, anticipates better growth for the 2nd half of 2023, underpinned by strong domestic demand in Thailand, an influx of tourists from China, and contribution from newly acquired unit, Cocoaland Holdings Bhd.

F&N CEO Lim Yew Hoe said the group will also focus on the volume and brand development for the food and beverages (F&B) segment in Malaysia for the rest of 2023.

Lim added, “Overall, the financial performance of F&N should go up and do better compared to the 1st half of 2023.”