Latest news with #CarlsbergBreweryMalaysiaBhd
The Sun
6 hours ago
- Business
- The Sun
Carlsberg Malaysia confident of sustaining profit margins
SHAH ALAM: Carlsberg Brewery Malaysia Bhd does not expect volume growth this year but will implement a single-digit price adjustment towards year-end. While the ringgit has strengthened and raw material costs have improved, the company remains optimistic about its outlook and confident of sustaining profit margins. Declining to elaborate on the price adjustment, managing director Stefano Clini said macroeconomic challenges will continue to create uncertainty for sales and margin growth. 'Despite the challenges, the group remains optimistic that the recent OPR (Overnight Policy Rate) reduction, together with the government's ongoing fuel subsidy rationalisation, electricity tariff restructuring, lower interest rates, and targeted cash assistance, will help boost consumer confidence,' he said at a media briefing today. Clini added that the company hopes there will be no excise duty hikes and trusts that the government is mindful of the industry's operating conditions. Looking ahead, he said the group will continue navigating a challenging macroeconomic landscape marked by external headwinds and prolonged soft consumer sentiment. Cost optimisation will remain a key focus to support investments in brand premiumisation, product innovation, and digital transformation. For the second quarter ended June 30, 2025 (Q2'25), net profit rose 3.18% to RM81.93 million from RM79.40 million a year ago. Revenue, however, fell 3.41% to RM490.17 million from RM507.48 million due to a shorter Chinese New Year period, which dampened sales. Malaysian operations recorded higher revenue and operating profit, partly due to a lower base last year following trade purchases in March 2024 ahead of a price increase. In contrast, Singapore operations saw declines in revenue and profit, impacted by softer on-trade performance, intense pricing competition, cautious consumer sentiment, and subdued discretionary spending. The group's Sri Lankan associate, Lion Brewery (Ceylon) PLC, posted a higher share of profit at RM9.1 million compared with RM8.3 million in Q2'24, supported by improved revenue. Earnings per share for Q2'25 stood at 26.80 sen versus 25.97 sen a year ago. For the first half of FY25, net profit increased 5.4% to RM176.5 million from RM167.3 million, mainly due to the absence of additional deferred tax liabilities from foreign withholding tax for Lion Brewery recorded in the same period last year. Revenue for the period decreased 6.5% to RM1.15 billion from RM1.23 billion, also due to the shorter festive period, with some sales captured in December 2024. Despite macroeconomic headwinds, Carlsberg Malaysia remains committed to sustaining profitability through strategic pricing, operational efficiency, and continued investment in premium brands and innovation.
The Sun
7 hours ago
- Business
- The Sun
CCarlsberg Malaysia confident of sustaining profit margins
SHAH ALAM: Carlsberg Brewery Malaysia Bhd does not expect volume growth this year but will implement a single-digit price adjustment towards year-end. While the ringgit has strengthened and raw material costs have improved, the company remains optimistic about its outlook and confident of sustaining profit margins. Declining to elaborate on the price adjustment, managing director Stefano Clini said macroeconomic challenges will continue to create uncertainty for sales and margin growth. 'Despite the challenges, the group remains optimistic that the recent OPR (Overnight Policy Rate) reduction, together with the government's ongoing fuel subsidy rationalisation, electricity tariff restructuring, lower interest rates, and targeted cash assistance, will help boost consumer confidence,' he said at a media briefing today. Clini added that the company hopes there will be no excise duty hikes and trusts that the government is mindful of the industry's operating conditions. Looking ahead, he said the group will continue navigating a challenging macroeconomic landscape marked by external headwinds and prolonged soft consumer sentiment. Cost optimisation will remain a key focus to support investments in brand premiumisation, product innovation, and digital transformation. For the second quarter ended June 30, 2025 (Q2'25), net profit rose 3.18% to RM81.93 million from RM79.40 million a year ago. Revenue, however, fell 3.41% to RM490.17 million from RM507.48 million due to a shorter Chinese New Year period, which dampened sales. Malaysian operations recorded higher revenue and operating profit, partly due to a lower base last year following trade purchases in March 2024 ahead of a price increase. In contrast, Singapore operations saw declines in revenue and profit, impacted by softer on-trade performance, intense pricing competition, cautious consumer sentiment, and subdued discretionary spending. The group's Sri Lankan associate, Lion Brewery (Ceylon) PLC, posted a higher share of profit at RM9.1 million compared with RM8.3 million in Q2'24, supported by improved revenue. Earnings per share for Q2'25 stood at 26.80 sen versus 25.97 sen a year ago. For the first half of FY25, net profit increased 5.4% to RM176.5 million from RM167.3 million, mainly due to the absence of additional deferred tax liabilities from foreign withholding tax for Lion Brewery recorded in the same period last year. Revenue for the period decreased 6.5% to RM1.15 billion from RM1.23 billion, also due to the shorter festive period, with some sales captured in December 2024. Despite macroeconomic headwinds, Carlsberg Malaysia remains committed to sustaining profitability through strategic pricing, operational efficiency, and continued investment in premium brands and innovation.
The Star
7 hours ago
- Business
- The Star
Carlsberg reports 3.2% rise in 2Q net profit
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd remains cautious as it navigates an uncertain macroeconomic landscape due to external headwinds and subdued consumer sentiment. The brewer said recent policy measures — including a cut to Malaysia's overnight policy rate (OPR), fuel subsidy rationalisation, electricity tariff restructuring and targeted cash assistance — could help boost consumer sentiment. 'Against this backdrop, the group will continue to focus on cost optimisation to support investments in brand premiumisation, product innovation and digital transformation. 'These efforts reflect the group's commitment to delivering long-term sustainable value for shareholders and stakeholders,' Carlsberg said in a statement. Carlsberg reported a 3.2% year-on-year (y-o-y) increase in net profit to RM81.9mil for the second quarter ended June 30 (2Q25), up from RM79.4mil a year earlier. Earnings per share rose to 26.80 sen, compared to 25.97 sen in 2Q24. This came despite a 3.4% y-o-y decline in revenue to RM490.2mil for 2Q25 from RM507.5mil previously. Carlsberg said this is due to the effects of lower tax expenses for the quarter. The board of directors has announced the second interim dividend of 20 sen per share for 2Q25, bringing the cumulative interim dividend to 43 sen per share for FY25. In the first six months ended June 30 (1H25), Carlsberg saw its net profit up by 5.4% y-o-y to RM176.5mil versus RM167.3mil in 1H24, due to the absence of additional deferred tax liabilities from foreign withholding tax in the group's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised in 1H24. The group's revenue, on the other hand, fell by 6.5% y-o-y to RM1.15bil versus RM1.23bil in the same period last year due to the shorter Chinese New Year (CNY) timing, as part of the festive sales had been captured in December 2024. 'We are satisfied with our performance for the first half of the year despite the lower sales due to the shorter CNY timing. 'Our continued focus on our disciplined discount management and also operational efficiency demonstrates the resilience of our business strategy amid the challenging and subdued local market, giving us the confidence to keep investing in our brands,' managing director Stefano Clini said.
BusinessToday
5 days ago
- Business
- BusinessToday
Market Ends In The Red Territory Despite TNB, Nestle Buck Trend
The stock market closed lower on Aug 7 as broad-based selling weighed on sentiment, with decliners (517) outpacing gainers (424), while 539 counters were unchanged, 1,025 untraded and nine suspended. Market activity slowed, with turnover narrowing to 2.21 billion shares worth RM2.35 billion compared to 2.51 billion units worth RM2.38 billion on Aug 6. Among the top losers, Fraser & Neave Holdings Bhd slipped 40 sen to RM28.20, while Carlsberg Brewery Malaysia Bhd lost 38 sen to close at RM17.30. Other laggards include Heineken Malaysia Bhd, which fell 28 sen to RM23.22, Panasonic Manufacturing Malaysia Bhd, which eased 22 sen to RM10.18, and Malaysian Pacific Industries Bhd, which declined by 20 sen to RM20.30. On the gaining side, Tenaga Nasional Bhd (TNB) led with a 58 sen rise to RM13.76 on strong volume, followed by Nestle (M) Bhd, up 36 sen to RM89.80, PPB Group BHd, which gained 32 sen to RM9.30. Other notable gainers for the trading session include Ajiya Bhd, which grew 15 sen to RM2.09, and Eurospan Holdings Bhd, which surged 12 sen to RM2.90. The cautious sentiment reflects ongoing market uncertainty, with investors largely on the sidelines ahead of key regional economic data releases.
BusinessToday
08-07-2025
- Business
- BusinessToday
Stock Market In The Negative Territory As Decliners Dominate Market
The stock market ended the trading session for July 7 firmly in the red as market sentiment remained subdued, with decliners outnumbered gainers nearly three to one. A total of 754 counters fell, while 260 advanced and 466 remained unchanged. Another 944 counters were untraded and 19 were suspended. Trading activity picked up slightly, with turnover rising to 3.57 billion shares worth RM2.49 billion, up from 3.43 billion shares valued at RM2.47 billion on July 4. Despite the overall weakness, a few counters posted notable gains. Carlsberg Brewery Malaysia Bhd led the top gainers list, rising 28 sen to RM19.20, followed by Ajinomoto (M) Bhd, which added 14 sen to RM13.00. Timberwell Bhd jumped 13.5 sen to 38 sen, while Kuala Lumpur Kepong Bhd and Solarvest Holdings Bhd gained 12 sen and 7 sen to close at RM20.94 and RM2.20, respectively. On the flip side, Nestlé (M) Bhd topped the losers' list, falling 42 sen to RM77.10, while Malaysian Pacific Industries Bhd dropped 38 sen to RM22.28. Allianz Malaysia Bhd slid 30 sen to RM18.40, followed by Fraser & Neave Holdings Bhd and Tenaga Nasional Bhd, both down 26 sen to close at RM28.80 and RM13.80, respectively. Investors remained cautious amid ongoing global economic uncertainties and a lack of fresh domestic catalysts, keeping the market under pressure. Related
