KUALA LUMPUR (Feb 4): Shares in Fraser & Neave Holdings Bhd (F&N) rose as much as 1.6% this morning, after the group reported a 4.48% year-on-year (y-o-y) net profit growth for its first financial quarter, on the back of higher revenue.

At the noon market close, F&N was up 50 sen or 1.54% at RM32.94, with 131,400 shares traded, valuing it at RM12.07 billion.