KUALA LUMPUR (Nov 2): GUINNESS ANCHOR BHD []'s (GAB) earnings rose 42.6% to RM55.21 million in the first quarter ended Sept 30, 2011 from RM38.69 million a year ago, as it recorded higher sales and share gains in the domestic malt liquor market.
It said on Wednesday revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
GAB said revenue growth was due to volume and share gains in the domestic malt liquor market and timing differences of trade purchases versus prior year. This was partially off-set by the significant planned reduction of duty-free and export volume.
'Pre-tax profit grew by 42.7%, reflecting revenue growth plus favourable brand and channel mix and good cost control,' it said.
GAB also said group revenue was 27.5% higher when compared with the preceding quarter.
It added the first quarter ending Sept 30, for seasonal reasons, traditionally had higher sales compared to the fourth quarter ending June 30.
At the pre-tax profit level, there was 95.1% increase to RM73.6 million, due to the factors and the non-recurrence of one-off costs incurred in the fourth quarter of the previous year.
It said on Wednesday revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
GAB said revenue growth was due to volume and share gains in the domestic malt liquor market and timing differences of trade purchases versus prior year. This was partially off-set by the significant planned reduction of duty-free and export volume.
'Pre-tax profit grew by 42.7%, reflecting revenue growth plus favourable brand and channel mix and good cost control,' it said.
GAB also said group revenue was 27.5% higher when compared with the preceding quarter.
It added the first quarter ending Sept 30, for seasonal reasons, traditionally had higher sales compared to the fourth quarter ending June 30.
At the pre-tax profit level, there was 95.1% increase to RM73.6 million, due to the factors and the non-recurrence of one-off costs incurred in the fourth quarter of the previous year.
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