KUALA LUMPUR: Guinness Anchor Bhd (GAB) is bullish that its key products will gain market share this financial year, despite the global economic uncertainties that may hurt the entire industry.
The company's current financial year ends on June 30 2012.
In the first quarter, GAB posted a 42.7 per cent growth in net profit, which came in at RM55.2 million. Its revenue grew by 21.3 per cent to RM444.6 million.
The growth is paving the way for a possible 11th consecutive year of revenue and net profit growth.
GAB managing director Charles Ireland said the company had registered a "great start" to its financial year.
However, he remained cautious about the company's outlook for the year, mainly due to the global economic uncertainties.
Ireland believes that a significant downturn in the global economy would hurt demand for its products in Malaysia.
"However, we are confident as we have got great brands, people, systems and processes. This would allow us to keep growing our market share. Not withstanding what happens to the overall market performance, we believe GAB will continue to win in the market place," Ireland said after GAB's annual general meeting here yesterday.
During the quarter, GAB registered a net margin of about 17 per cent.
While net margins may fluctuate during festive season, Ireland said that it does not expect significant margin dilution for the full year ending June 30 2012.
The company is also embarking on a RM40 million project, dubbed Project Quantum, to help improve its business processing capabilities to world-class standards.
The project, which started in July this year, will take 18 months to complete.
Ireland said it expects the project to help the company save costs indirectly.
The first quarter also saw GAB's key brands gaining momentum. For example, its Tiger Beer now has a mid-30's market share, while its Guinness and Heineken brands are registering strong double-digit growth.
"Tiger may now be the largest beer brand in Malaysia in terms of volume and sales value," Ireland said.
The company's current financial year ends on June 30 2012.
In the first quarter, GAB posted a 42.7 per cent growth in net profit, which came in at RM55.2 million. Its revenue grew by 21.3 per cent to RM444.6 million.
The growth is paving the way for a possible 11th consecutive year of revenue and net profit growth.
GAB managing director Charles Ireland said the company had registered a "great start" to its financial year.
However, he remained cautious about the company's outlook for the year, mainly due to the global economic uncertainties.
Ireland believes that a significant downturn in the global economy would hurt demand for its products in Malaysia.
"However, we are confident as we have got great brands, people, systems and processes. This would allow us to keep growing our market share. Not withstanding what happens to the overall market performance, we believe GAB will continue to win in the market place," Ireland said after GAB's annual general meeting here yesterday.
During the quarter, GAB registered a net margin of about 17 per cent.
While net margins may fluctuate during festive season, Ireland said that it does not expect significant margin dilution for the full year ending June 30 2012.
The company is also embarking on a RM40 million project, dubbed Project Quantum, to help improve its business processing capabilities to world-class standards.
The project, which started in July this year, will take 18 months to complete.
Ireland said it expects the project to help the company save costs indirectly.
The first quarter also saw GAB's key brands gaining momentum. For example, its Tiger Beer now has a mid-30's market share, while its Guinness and Heineken brands are registering strong double-digit growth.
"Tiger may now be the largest beer brand in Malaysia in terms of volume and sales value," Ireland said.
