Fraser and Neave has booked an increase in earnings for the full year, boosted by strong performances from its dairies and soft drinks divisions.

In the 12 months to the end of September, the group’s profit after tax was up 0.3% at S$763m.

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Trading profit reached S$698m (US$558.1m), up from S$464.8m a year earlier.

Earnings in the firm’s dairies division grew nearly threefold to S$60m, primarily due to the recovery of its business in Thailand from the effects of floods in 2011.

Meanwhile, profits from the company’s dairy arm in Malaysia grew mainly on lower input costs and decreased conversion costs.

Sales from F&N’s dairy business was up 7% at S$1.04bn.

Group sales rose 5% in the period to S$4.34bn, boosted by strong margin recovery in most business units.

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