Fraser and Neave (SGX:F99) Full Year 2024 Results

Key Financial Results

• Revenue: S$2.16b (up 3.0% from FY 2023).
• Net income: S$150.9m (up 13% from FY 2023).
• Profit margin: 7.0% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: S$0.10 (up from S$0.092 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Dairies segment contributing a total revenue of S$1.21b (56% of total revenue). Notably, cost of sales worth S$1.47b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to S$352.6m (66% of total expenses). Explore how F99's revenue and expenses shape its earnings.

Fraser and Neave shares are up 1.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Fraser and Neave (of which 1 is significant!) you should know about.

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