Thursday, 26 April 2012

Carlsberg to raise beer prices from May 1

SUBANG JAYA (April): CARLSBERG BREWERY MALAYSIA BHD [] will introduce a 3% general increase in price effective May 1, 2012.

“The adjustment is not a dramatic one and is in line with inflation levels,” said its managing director, Soren Ravn after the group’s AGM on Thursday.

Ravn said the recent introduction of premium labels Asahi and Kronenbourg currently hold 16% to 17% market share in the premium segment while good growth is expected to continue.

Carlsberg’s premium brands currently contribute just under 10% to the group’s total revenue of RM1.5 billion for FY11. A 100% profit distribution has also been declared, at a total gross dividend of 72.5sen, he said.

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