KUALA LUMPUR, Feb 18 — Fraser & Neave Holdings Bhd (F&N) announced today that its bottler’s and distributor’s agreements with Coca-Cola Company which are due to expire on January 26 next year will not be renewed.
In its filing to Bursa Malaysia today, F&N said the impact on profitability for the following year may be material depending on the outcome of the post-termination transition plan, if any.
The company said it will make further announcements as soon as more information becomes available.
Currently, the soft drinks division is the single largest profit contributor to the F&N group, accounting for 48 per cent of the total operating profit.
F&N said sales revenue of the Coca-Cola products amounted to RM421 million or 35 percent of the division’s revenue in the financial year 2007/2008. — Bernama
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