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Carlsberg’s Singapore operations propels 2Q14 net profit growth
Corporate Digest | 27 August 2014

Cheers to making it to Hump Day!  We’re half way there, guys! We bring you good news to clear your midweek blues.

Carlsberg’s net profit grew 29.5 percent year on year to RM40 million in 2Q14 from improved performance in its Singapore operations.

Incorporated in December 1969, Carlsberg Brewery Malaysia began brewing Carlsberg Green Label beer locally in 1972. Since then, the brand has become part of everyday’s life and is the No. 1 beer brand with more than a 50% share of the Malaysian Beer Market.

  • Carlsberg Brewery Malaysia (Carlsberg) posted a 3.3 percent year on year increase in revenue to RM356 million in 2Q14 from RM344.5 million in 2Q13. Net profit grew 29.5 percent year on year to RM40 million in 2Q14 from RM30.9 percent in 2Q13, underpinned by the growth in revenue, improved performance in its Singapore operations and effective cost management.
  • However, its Malaysian operations posted a 6.5 percent drop in revenue to RM256.3 million due to sluggish consumer sentiments in 2Q14.Carlsberg declared a single tier interim dividend of 5 sen for FY14. Total amount payable is RM15.3 million.
  • Carlsberg anticipates market conditions to remain challenging this year , but is confident of facing the challenges and delivering a satisfactory performance.

Despite strong results in 2Q14 as effects of its stock rationalization in its Singapore operations kicking in, could these results be sustainable given the sluggish consumer sentiment in Malaysia?

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