SHAH ALAM: Carlsberg Brewery Malaysia Bhd registered a 43.3% jump in net profit for the quarter ending Sept 30 to RM48.85 million from RM34.09 million in the corresponding period last year on the back of stronger sales and better margins.
Its revenue for the third quarter (3Q) rose 21.9% to RM401.66 million from RM329.49 million a year ago.
Soren Ravn, managing director of Carlsberg, pinned the strong 3Q results of the group on the successful outcome of its 2011 global Carlsberg brand packaging change and consumer promotions under the tagline “That Calls for a Carlsberg”, which is now aligned in 140 countries.
“This, together with the earlier initiatives taken by the supply chain on productivity improvements as well as cost efficiencies in sales and marketing, have given rise to an increase in margins during the quarter under review,” added Soren.
According to calculations by The Edge Financial Daily, pre-tax profit margins for Carlsberg during the quarter rose to 17.16% from 14.21% in the corresponding period the previous year.
The higher margins could also be linked to an increase in market share in the premium beer segment.
Soren said: “This year, we continue to gain market share in the Malaysian premium beer segment through our subsidiary Luen Heng F&B Sdn Bhd and their impressive super premium beer range, including the No 1 imported beer in Malaysia, Hoegaarden, as well as the fast growing Asahi, Erdinger and Budweiser. Furthermore, our newly launched Carlsberg Group owned brands Kronenbourg 1664 and Kronenbourg Blanc are showing great potential in the super premium segment.”
For the nine-month period ending Sept 30, Carlsberg’s net profit grew 25.4% to RM128.81 million from RM102.75 million a year ago, while revenue improved by 10.8% to RM1.15 billion from RM1.04 billion in the corresponding period last year.
Earlier this month, competitor Guinness Anchor Bhd (GAB) posted a 42.6% rise in net profit to RM55.21 million for its 1Q ended Sept 30, compared with RM38.69 million a year ago on the back of higher sales.
GAB had recorded a 21.3% increase in revenue in the quarter to RM444.62 million, from RM366.63 million in the corresponding period last year.
Pre-tax margins for GAB rose to 16.55% for the quarter from 14.1% in the same period last year, according to calculations by The Edge Financial Daily.
Carlsberg dropped four sen to close at RM7.05 yesterday with 64,400 shares traded. GAB meanwhile lost two sen to RM10.74 on a thin volume of 27,700 shares.
This article appeared in The Edge Financial Daily, November 16, 2011.
Its revenue for the third quarter (3Q) rose 21.9% to RM401.66 million from RM329.49 million a year ago.
Soren Ravn, managing director of Carlsberg, pinned the strong 3Q results of the group on the successful outcome of its 2011 global Carlsberg brand packaging change and consumer promotions under the tagline “That Calls for a Carlsberg”, which is now aligned in 140 countries.
“This, together with the earlier initiatives taken by the supply chain on productivity improvements as well as cost efficiencies in sales and marketing, have given rise to an increase in margins during the quarter under review,” added Soren.
According to calculations by The Edge Financial Daily, pre-tax profit margins for Carlsberg during the quarter rose to 17.16% from 14.21% in the corresponding period the previous year.
The higher margins could also be linked to an increase in market share in the premium beer segment.
Soren said: “This year, we continue to gain market share in the Malaysian premium beer segment through our subsidiary Luen Heng F&B Sdn Bhd and their impressive super premium beer range, including the No 1 imported beer in Malaysia, Hoegaarden, as well as the fast growing Asahi, Erdinger and Budweiser. Furthermore, our newly launched Carlsberg Group owned brands Kronenbourg 1664 and Kronenbourg Blanc are showing great potential in the super premium segment.”
For the nine-month period ending Sept 30, Carlsberg’s net profit grew 25.4% to RM128.81 million from RM102.75 million a year ago, while revenue improved by 10.8% to RM1.15 billion from RM1.04 billion in the corresponding period last year.
Earlier this month, competitor Guinness Anchor Bhd (GAB) posted a 42.6% rise in net profit to RM55.21 million for its 1Q ended Sept 30, compared with RM38.69 million a year ago on the back of higher sales.
GAB had recorded a 21.3% increase in revenue in the quarter to RM444.62 million, from RM366.63 million in the corresponding period last year.
Pre-tax margins for GAB rose to 16.55% for the quarter from 14.1% in the same period last year, according to calculations by The Edge Financial Daily.
Carlsberg dropped four sen to close at RM7.05 yesterday with 64,400 shares traded. GAB meanwhile lost two sen to RM10.74 on a thin volume of 27,700 shares.
This article appeared in The Edge Financial Daily, November 16, 2011.
