KUALA LUMPUR: Guinness Anchor Bhd (GAB) posted RM55.21 million in net profit for its 1QFY12 ended Sept 30, up 42.6% from RM38.69 million a year ago due to higher sales and share gains in the domestic malt liquor market.
GAB’s revenue also rose to RM444.6 million from RM366.6 million last year, an increase of 21.2%. Its earnings per share also rose from 12.81 sen in the same period last year to 18.28 sen.
Its revenue rose 27.5% compared with the preceding quarter.
The brewery added that the first quarter (1Q) ending Sept 30, for seasonal reasons, traditionally had higher sales compared with the fourth quarter (4Q) ending June 30.
At the pre-tax profit level, there was 95% increase to RM73.6 million, due to the factors and the non-recurrence of one-off costs incurred in 4Q of FY11.
In its filing with Bursa Malaysia, GAB managing director Charles Ireland said the company’s growth has enable it to increase its investments in Malaysia.
“Over the past decade, our investments in marketing, promotions, dealer incentives and retail partnerships have all increased in tandem with our financial performance.
“With these results it is clear that the investments are producing excellent returns. Besides that, our contributions to tax and duty have also risen significantly during our 10 consecutive years of growth,” said Ireland, adding that a key aspect of GAB’s growth strategy is making investments in initiatives that improve organisational efficiency.
Last July, the company embarked on a RM40 million project, Project Quantum, to upgrade its information technology infrastructure which aims to enhance the company’s business processing capabilities to world-class standards.
Ireland also said 1Q also saw strong growth from GAB’s leading brands.
“Tiger Beer’s exceptional growth in the first quarter means it may now be the largest beer brand in Malaysia in terms of volume and sales value. Guinness and Heineken have also shown impressive double-digit growth. It’s really great to start the year with all three brands performing phenomenally well,” he said.
GAB’s 1QFY12 revenue could be attributed to major marketing campaigns of their leading brands such as Tiger Street Football, Arthur’s Day and Heineken Rainforest Music Festival. Tiger Street Football’s semi-finals and finals drew close to 10,000 viewers, while the Arthur’s Day Celebration was attended by over 20,000 Guinness fans.
This article appeared in The Edge Financial Daily, November 3, 2011.
GAB’s revenue also rose to RM444.6 million from RM366.6 million last year, an increase of 21.2%. Its earnings per share also rose from 12.81 sen in the same period last year to 18.28 sen.
Its revenue rose 27.5% compared with the preceding quarter.
The brewery added that the first quarter (1Q) ending Sept 30, for seasonal reasons, traditionally had higher sales compared with the fourth quarter (4Q) ending June 30.
At the pre-tax profit level, there was 95% increase to RM73.6 million, due to the factors and the non-recurrence of one-off costs incurred in 4Q of FY11.
In its filing with Bursa Malaysia, GAB managing director Charles Ireland said the company’s growth has enable it to increase its investments in Malaysia.
“Over the past decade, our investments in marketing, promotions, dealer incentives and retail partnerships have all increased in tandem with our financial performance.
“With these results it is clear that the investments are producing excellent returns. Besides that, our contributions to tax and duty have also risen significantly during our 10 consecutive years of growth,” said Ireland, adding that a key aspect of GAB’s growth strategy is making investments in initiatives that improve organisational efficiency.
Last July, the company embarked on a RM40 million project, Project Quantum, to upgrade its information technology infrastructure which aims to enhance the company’s business processing capabilities to world-class standards.
Ireland also said 1Q also saw strong growth from GAB’s leading brands.
“Tiger Beer’s exceptional growth in the first quarter means it may now be the largest beer brand in Malaysia in terms of volume and sales value. Guinness and Heineken have also shown impressive double-digit growth. It’s really great to start the year with all three brands performing phenomenally well,” he said.
GAB’s 1QFY12 revenue could be attributed to major marketing campaigns of their leading brands such as Tiger Street Football, Arthur’s Day and Heineken Rainforest Music Festival. Tiger Street Football’s semi-finals and finals drew close to 10,000 viewers, while the Arthur’s Day Celebration was attended by over 20,000 Guinness fans.
This article appeared in The Edge Financial Daily, November 3, 2011.
