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Carlsberg Malaysia’s Q3 net profit up 26.1% to RM61.8m
LIQUOR NEWS
TheStar.com.my - Dec 3rd 2012, 09:35
Kuala Lumpur: Carlsberg Brewery Malaysia Bhd's net profit rose 26.1% to RM61.79mil, in the third quarter ended Sept 30, 2012 from RM48.98mil a year ago, boosted by the momentum achieved in the premium beer segment and expects the remaining quarter to be positive.
Carlsberg Malaysia's managing director Soren Ravn said on Thursday the upbeat outlook was also underpinned by the Christmas and New Year celebrations ahead.
“In the long term, we are committed to ensuring that the Group continues to perform and thereby enhancing shareholder value,” he said.
In Q3, 2012 net profit attributable to shareholders rose to RM61.06mil from RM48.85mil. Revenue increased 2.3% to RM410.84mil from RM401.66mil while earnings per share increased to 19.97 sen versus 15.98 sen a year ago.
For the nine-month period, it recorded profit after tax of RM152.99mil, up 18.0% from RM129.61mil the previous corresponding period. Revenue rose 8.1% to RM1.248bil from RM1.154bil.
Commenting on the results, Ravn said the group was pleased with the nine-month group performance.
“We kicked off the year with a successful 2012 Chinese New Year campaign in Q1, followed by an impactful UEFA EURO 2012 consumer campaign in Q2, where Carlsberg was the official global sponsor of the European Football Championships in Ukraine and Poland,” he said.
On the Q3 earnings, Ravn said they were further boosted with the momentum achieved in the premium beer segment.
He said Asahi Super Dry rolled out a series of consumer promotions for both on-trade and off-trade to build further trial.
“Riding on the positive momentum of its super premium French beer, Kronenbourg 1664 and Kronenbourg 1664 Blanc made its debut in key supermarkets and hypermarkets to widen its distribution reach.
“Kronenbourg 1664 was also the official beer at the Malaysian International Gourmet Festival (MIGF), where our portfolio of brands was widely sampled at participating restaurants and hotels. We will continue to support such initiatives that contribute towards boosting tourism in Malaysia,” Ravn said.
The brewer also launched Somersby Apple Cider, a fully imported premium cider in July. The 3-month sales volume since its launch has exceeded its original target.
“We expect new market share to be captured with this latest premium offering,” Ravn added.
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