KUALA LUMPUR: CARLSBERG BREWERY MALAYSIA BHD [] (CBMB) net profit for the second quarter ended June 30, 2010 surged to RM30.82 million from RM12.87 million a year ago, on the back of a 56.8% increase in revenue to RM334.15 million.
Earnings per share was 10.08 sen.
CBMB announced an interim dividend of five sen per ordinary share of 50 sen each and an interim special dividend of 2.5 sen for the half-year ended June 30.
In a statement on Wednesday, Aug 18, Carlsberg said the growth in revenue was mainly due to higher export sales, the World Cup season and better performance in hypermarket and supermarket in Malaysia and Singapore.
Its managing director Soren Ravn said the company was pleased with its half-year performance and in particular the RM28.7 million profit before tax contribution from Carlsberg Singapore.
'The Group benefitted from our successful 2010 Chinese New Year festive campaign and the equally successful execution of the World Cup campaign where significant increases in sales were recorded in both Malaysia and Singapore.
'Our synergies arising from the acquisition of Carlsberg Singapore are being delivered,' he said.
Ravn said the company continued to outperform in the super premium segment through its subsidiary Luen Heng F & B Sdn Bhd.
He said its associate company, Lion Brewery (Ceylon) PLC had also outperformed and contributed to the group's earnings.
'Our flagship Carlsberg brand remains the No 1 beer brand in Malaysia, whilst we continue to focus on driving for profitable growth in the domestic market.
'We expect the domestic beer market to grow moderately in 2010 as the Malaysian economic climate improves. With good performance in both Malaysia and Singapore we expect to continue on a positive track in terms of revenue and earnings growth for the rest of the year,' he said.
Earnings per share was 10.08 sen.
CBMB announced an interim dividend of five sen per ordinary share of 50 sen each and an interim special dividend of 2.5 sen for the half-year ended June 30.
In a statement on Wednesday, Aug 18, Carlsberg said the growth in revenue was mainly due to higher export sales, the World Cup season and better performance in hypermarket and supermarket in Malaysia and Singapore.
Its managing director Soren Ravn said the company was pleased with its half-year performance and in particular the RM28.7 million profit before tax contribution from Carlsberg Singapore.
'The Group benefitted from our successful 2010 Chinese New Year festive campaign and the equally successful execution of the World Cup campaign where significant increases in sales were recorded in both Malaysia and Singapore.
'Our synergies arising from the acquisition of Carlsberg Singapore are being delivered,' he said.
Ravn said the company continued to outperform in the super premium segment through its subsidiary Luen Heng F & B Sdn Bhd.
He said its associate company, Lion Brewery (Ceylon) PLC had also outperformed and contributed to the group's earnings.
'Our flagship Carlsberg brand remains the No 1 beer brand in Malaysia, whilst we continue to focus on driving for profitable growth in the domestic market.
'We expect the domestic beer market to grow moderately in 2010 as the Malaysian economic climate improves. With good performance in both Malaysia and Singapore we expect to continue on a positive track in terms of revenue and earnings growth for the rest of the year,' he said.
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