Friday, January 28, 2011

Guinness Anchor 2Q earnings up 47pct to RM64.63m

KUALA LUMPUR: GUINNESS ANCHOR BHD []'s earnings rose 47% to RM64.63 million in the second quarter ended Dec 31, 2011 from RM43.83 million a year ago as it sold more of its Tiger beer which recorded a double-digit growth rate.

It said on Friday, Jan 28 that revenue rose 11% to RM421.41 million from RM378.13 million. Earnings per share were 21.40 sen compared with 14.51 sen. It declared a dividend of 10 sen a share.

Its managing director Charles Ireland said: 'The group's performance is clearly reflective of the ever-increasing number of consumers choosing our brands and retailers choosing to work with GAB'.

He said the five pillar brands, namely Tiger, Guinness, Heineken, Anchor and Kilkenny have been growing steadily, with Tiger taking the lead, recording a double digit growth rate.


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