F&N expects continued pressure on margins

F&N is, however, confident the reopened borders in Malaysia and Thailand will spur tourist arrivals, consumer spending and economic activity.

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) is anticipating headwinds to continue into the fourth quarter of its financial year ending Sept 30, 2022 (4Q22), as ongoing disruptions in supply chain, raw material shortages, historically high input prices and geopolitical uncertainties continue to pressure its margin.

In a filing with Bursa Malaysia yesterday, the fast moving consumer goods group noted that rising inflation and the weaker ringgit and baht will add further cost pressures, although the impact will be mitigated partially by export receipts in US dollars.