Fraser and Neave (SGX:F99) Second Quarter 2024 Results

Key Financial Results

• Revenue: S$539.5m (up 5.2% from 2Q 2023).

• Net income: S$40.7m (down 3.4% from 2Q 2023).

• Profit margin: 7.5% (down from 8.2% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: S$0.028 (in line with 2Q 2023).

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

Fraser and Neave Earnings Insights

Looking ahead, revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Food industry in Singapore are expected to grow by 2.4%.

Performance of the Singaporean Food industry.

The company's shares are up 6.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Fraser and Neave that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.