Carlsberg triples quarterly profit to RM76.4mil

Carlsberg triples quarterly profit to RM76.4mil

Brewery attributes gains to lifting of international travel restrictions in Malaysia and Singapore.

Carlsberg said undisrupted operations yields and enhanced sales had helped it to return a 63.7% increase in revenue to RM571.6 million.
PETALING JAYA:
Carlsberg Brewery (M) Bhd tripled its net profit to RM76.4 million for the third quarter of its 2022 financial year (Q3 2022) thanks to the economic recovery and reopening of international borders.

This was a 194.1% increase over the RM26 million in the previous corresponding period.

In a statement issued to the media today, Carlsberg said undisrupted operations yields and enhanced sales also helped the group return a 63.7% increase in revenue to RM571.6 million.

The group’s earnings per share for this quarter was 24.98 sen versus 8.50 sen in Q3 2021.

For the first nine-month period of the financial year, Carlsberg returned a 98.3% growth in net profit to RM256.9 million, while revenue rose by 46.3% to RM1.8 billion compared with the same period last year.

The company announced a third interim dividend of 19 sen per share, adding up to 63 sen per share for the whole year’s dividend.

Group managing director Stefano Clini said the business has recovered in both Malaysia and Singapore after the pandemic restrictions.

He added that they will continue to stay disciplined in cost optimisation initiatives to deliver efficiencies.

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