Thursday, August 25, 2011

Carlsberg 2Q net profit edges up 0.64% to RM31.02m

KUALA LUMPUR: CARLSBERG BREWERY MALAYSIA BHD [] net profit for the second quarter ended June 30, 2011 edged up 0.64% to RM31.02 million from RM30.81 million a year earlier, due mainly to the strong first quarter performance arising from higher domestic sales particularly during the peak Chinese New Year festive period.

It said on Thursday, Aug 25 that revenue for the quarter rose 3.4% to RM345.51 million from RM334.15 million in 2010.

Earnings per share was 10.15 sen compared to 10.08 sen in 2010, while net assets per share was RM1.82.

Carlsberg declared a gross interim dividend of 5 sen per 50 sen share to be paid on Oct 7.

For the six months ended June 30, Carlsberg's net profit rose 16.5% to RM79.96 million from RM68.66 million on the back of higher revenue of RM752.73 million compared to RM712.61 million in 2010.

In a statement Aug 25, Carlsberg managing director Soren Ravn said the company benefitted from its creative 2011 Chinese New Year festive campaign and the successful execution of Carlsberg's new global positioning with the tag line, 'That Calls for a Carlsberg'.

He said its flagship Carlsberg brand remains the No 1 beer brand in Malaysia and that the company continued to focus and grow its premium portfolio through its subsidiary Luen Heng F & B Sdn Bhd.

'Our position in the premium beer category was further strengthened with the recent launch of Kronenbourg 1664 Blanc.

'Our associate company, Lion Brewery Ceylon PLC also delivered strong profit growth,' he said.

On the outlook for the rest of the year, Ravn said Carlsberg Malaysia expects to continue to benefit from the investment in Carlsberg's new global campaign, 'That Calls for a Carlsberg', which was now aligned in over 140 countries around the world.

'The new Carlsberg large bottle format, introduced in the second quarter has been extremely well received by trade customers, consumers and other stakeholders,' he said.


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