Fraser and Neave Ltd. reported consolidated earnings results for the fourth quarter and year ended September 30, 2009. The company reported the revenue for the fourth quarter rose 23% from $1.3 billion to $1.6 billion, driven by the group's expansion activities. The company reported the net profit nearly tripled from $66.7 million to $190.6 million for the last quarter of the fiscal year ended September 30. For the entire fiscal year, the group reported the 17.5% dip in net profit from $436 million to $359 million, compared to restated figures from the previous fiscal year. Excluding the fair value adjustment of investment properties and exceptional items, net income for the fiscal year stood at $466 million - a 25% increase over the previous corresponding period. Revenue for the year inched up 7% to $5.3 billion. Earnings per share for the group stood at 25.8 cents compared to 31.2 cents a year ago, after taking into account fair value adjustments and exceptional items. The board has recommended a final dividend of 10.5 cents per share, bringing the total dividend for the year to 13.5 cents, the same as the previous year. The 13.5 cents represents a payout of 40% of attributable profit, lower than last year's payout of 51%.

Fraser and Neave Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended 30 June 2009. For the quarter, the company reported profit before interest and taxation of $232,743,000, profit before taxation and exceptional items of $206,873,000, profit before taxation of $214,444,000 and profit attributable to shareholders of $123,217,000 on revenue of $1,347,607,000 against profit before interest and taxation of $206,885,000, profit before taxation and exceptional items of $184,851,000, profit before taxation of $178,981,000 and profit attributable to shareholders of $110,285,000 on revenue of $1,200,034,000, reported a year ago. Net cash from operating activities were $223,507,000 and purchase of fixed assets and properties of $56,668,000 against net cash from operating activities were $32,408,000 and purchase of fixed assets and properties of $230,651,000, reported a year ago. Net asset value per ordinary share as at June 30, 2009 was $3.86. PBIT for the quarter increased 12% over the corresponding period last year, mainly due to strong profit contribution from Food & Beverage and Property segments. For the nine months, the company reported profit before interest and taxation of $572,063,000, profit before taxation and exceptional items of $482,777,000, profit before taxation of $499,876,000 and profit attributable to shareholders of $276,451,000 on revenue of $3,705,092,000 against profit before interest and taxation of $597,160,000, profit before taxation and exceptional items of $554,777,000, profit before taxation of $552,585,000 and profit attributable to shareholders of $315,528,000 on revenue of $3,663,058,000, reported a year ago. Net cash from operating activities were $456,826,000 and purchase of fixed assets and properties of $154,285,000 against net cash from operating activities were $258,898,000 and purchase of fixed assets and properties of $345,200,000, reported a year ago.

Fraser and Neave Ltd. announced cessation of Patrick Goh Yong Chian as group financial controller, effective July 31, 2009.