KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd
made RM37.1mil net profit in the second quarter ended June 30, but warned that the longest shutdown in the group’s history will severely impact its earnings.
The company’s brewery was allowed to resume operations at 100% capacity earlier this week.
“The FMCO in June was the second time our brewery operations were suspended since national lockdowns began in March 2020. Last year, we faced a seven-week disruption and this time our operations were suspended for eleven weeks,” Managing Director Stefano Clini said in a statement today.
“This is unprecedented in the history of the Group with severe impacts to our business where the full effects were only partially evident in Q2FY21 as the suspension was imposed from the last month of the quarter,” he added.
Carlsberg reported a revenue of RM349mil in the second quarter. It has declared an interim dividend of 10 sen a share.
Following the recent announcements to allow manufacturing sector companies with fully vaccinated employees to resume operation, the Group has re-commenced its Malaysia operations on Aug 16.
“Nevertheless, the extended brewery suspension from June 2 until then, and the still ongoing dine-in restrictions in the on-trade sector, has and will continue to adversely impact the Group’s revenue and profitability until more of the economy is open,” Clini said.
