F&N's H1 net profit slips 3% to $81.6m on higher tax expenses
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Fraser and Neave, Limited (F&N) reported a 3% decline in net profit to $81.6 million for H1 2026, impacted by a $65.8 million adverse foreign exchange effect and a higher effective tax rate of 28.7%. Revenue fell 6% to $1.135 billion, with the food and beverage segment down 7% to $994.7 million. Despite lower sales, profit before interest and taxation rose 6% to $174.8 million. Earnings per share decreased to 5.6 cents, and an interim dividend of 1.5 cents per share was declared.
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