PETALING JAYA: Carlsberg Brewery Malaysia Bhd
delivered a strong efficiency within the first quarter of its monetary yr 2022 (1Q22), backed by increased earnings due to stronger Chinese New Year (CNY) gross sales in each its Malaysia and Singapore operations together with the convenience of Covid-19 restrictions.
The brewer reported a net profit of RM91.6mil for the primary quarter ended March 31, 2022, a 37.8% surge in contrast with RM66.5mil within the earlier comparative quarter.
During the quarter in overview, the group’s income rose by 22.9% to RM653.9mil in contrast with RM532.0mil within the earlier corresponding quarter.
Revenue for each the Malaysia and Singapore operations within the quarter grew by 27.4% and 13.8% year-on-year to RM454.1mil and RM199.7mil from RM356.5mil and RM175.5mil, respectively.
The sturdy income development was pushed by higher pricing and channel combine in addition to profitable CNY gross sales and on-ground activations, Carlsberg stated.
“The income development, which offsets increased advertising prices incurred to drive consumption, had bolstered net profit by 37.8%,” it stated within the assertion.
The group’s earnings per share for 1Q22 grew by 37.9% to 29.96 sen in contrast with 21.73 sen within the final corresponding quarter.
Carlsberg’s board of administrators introduced a primary interim dividend of twenty-two sen per share on the again of the sturdy efficiency.
Group’s managing director Stefano Clini famous the mainstream manufacturers, Carlsberg Danish Pilsner and Carlsberg Smooth Draught, returned to development due to elevated advertising investments and shopper promotions, following a nationwide CNY marketing campaign.
“As the Carlsberg model celebrates its a hundred and seventy fifth birthday this yr, we now have thrilling programmes within the pipeline to solidify its Probably The Best Beer positioning,” Clini shared.
Clini famous the group’s premium manufacturers have been gaining development momentum with new variant launches and efforts will likely be continued to speed up the expansion on its premium manufacturers.
“Following the introduction of Carlsberg Danish Alcohol-Free Pilsner and Wheat in Singapore final yr, we launched Somersby Apple 0.0, a non-alcoholic glowing fruit drink in Malaysia,” Clini stated.
He stated the introduction of alcohol-free brews is consistent with the group’s dedication to promote accountable consuming and to provide a rising vary of alcohol-free brews to its clients and shoppers in each nation the place they function.
“Looking forward, our outlook remains cautious as we are mindful of the escalating commodity prices, which has been further exacerbated by the war in Ukraine, adding further costs pressure and uncertainties to the landscape,” said Clini, adding that the group will start seeing the impact of prosperity tax in the remaining quarters.
Clini believes the reopening of entertainment outlets should create further momentum in the group’s on-trade business.
“Preparing for the headwinds ahead, we will remain focused on our SAIL’22 strategy with premiumisation and innovation continuing to deliver growth in top-and bottom-line,” he said.
“We will also intensify our cost control management whilst continuing to reinvest in our brands to fuel growth,” Clini commented.
