F&N working on strategy to spur earnings

TheStar Mon, Jun 22, 2020 07:50am - 3 years View Original


F&N said the biggest impact amid the pandemic is felt in petrol marts, convenient stores, traditional trade retailers, restaurants and other on-premise outlets.The decline, it said, is partially mitigated by better performance in supermarkets and hypermarkets.

PETALING JAYA: FRASER & NEAVE HOLDINGS BHD (F&N) is working on a strategy to spur earnings as it competes in the new normal in the wake of soft consumer demand following the Covid-19 pandemic.

“Operationally, we are adjusting our area of focus, depending on market situations, and adapting our route-to-market plans to capture opportunities in the new normal.

“This include scaling up our e-commerce platform as well as leveraging on the significant surge in home-cooked meals to drive in-home consumption of our products, ” it told StarBiz.

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